Form W-9 is an Internal Revenue Service form which is used to confirm a person's taxpayer identification number (TIN).
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AAA is the highest possible rating assigned to the bonds of an issuer by credit-rating agencies such as Standard & Poor’s and Fitch Ratings. Read more about these bonds.
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NS hoort woensdag van de rechtbank in Den Haag of het meer concurrentie krijgt van andere vervoerders. De staat heeft het grootste deel van het treinvervoer in Nederland na 2025 gegund aan NS. Regionale vervoerders zoals Qbuzz en Arriva zijn gepikeerd dat zij niet mochten meedingen naar treinvervoer en stapten naar de rechter.
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Wilt Chamberlain holds the NBA record for career rebounds, with 23,924 in total, or 22.9 per game, for a truly great sustained performance. But rebounds don’t only come in basketball, and a savvy investor, while not likely to pick up 23,924 rebounding stock transactions, can still find plenty of stocks that are primed for rebounds in the current market environment. That environment, with headwinds still in play making every shot more difficult, has left plenty of fundamentally sound stocks under
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Retailer said some shoppers knocked down displays of Pride Month products and threatened store employees.
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(Bloomberg) -- There are few, if any, leaders in the world who are publicly lashing out at central bankers more than Brazil’s Luiz Inacio Lula da Silva.Most Read from BloombergCarl Icahn Is $15 Billion Poorer After Hunter Becomes the HuntedMcCarthy Says Debt Deal Remains Elusive as Negotiations ResumeRussia Pushes India for Help to Avert Global Financial IsolationChina’s $23 Trillion Local Debt Mess Is About to Get WorseChina’s New Covid Wave Set to See 65 Million Cases a WeekThe reasons are inc
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Target is removing certain items from its stores and making other changes to its LGBTQ merchandise nationwide ahead of Pride month, after an intense backlash from some customers including violent confrontations with its workers. Target declined to say which items it was removing but among the ones that garnered the most attention were “tucker friendly” women’s swimsuits that allow trans women who have not had gender-affirming operations to conceal their private parts. The Pride merchandise has been on sale since early May. Pride month is held in June.
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The cybersecurity software company posted solid results for its fiscal third quarter ended April 30.
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(Bloomberg) -- Bernard Arnault, the world’s richest person, had $11.2 billion wiped from his fortune in one day over concerns that a softening US economy will dampen demand for luxury goods. Most Read from BloombergCarl Icahn Is $15 Billion Poorer After Hunter Becomes the HuntedMcCarthy Says Debt Deal Remains Elusive as Negotiations ResumeChina’s $23 Trillion Local Debt Mess Is About to Get WorseRussia Pushes India for Help to Avert Global Financial IsolationSaudi Energy Minister Tells Oil Specu
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When the Wall Street Journal's Thorold Barker asked Musk at an event if India was interesting, he said, "Absolutely". Tesla is "serious" about its plans to establish a manufacturing base in India, the country's deputy minister for technology told Reuters in an interview last week. Tesla announced earlier this year that it would open a gigafactory in Mexico as the world's most valuable automaker pushes to expand its global output.
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I am 65 and at the absolute peak of my earnings. I'm also in the 35% tax bracket and am not looking to retire soon. I need $30,000 for a home project. I have enough to take it out of … Continue reading → The post Ask An Advisor: I'm 65, Earning at My ‘Absolute Peak' and Won't Retire Soon. Should I Use My Roth IRA for a $30K Home Improvement Project? appeared first on SmartAsset Blog.
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The U.S. is on track to default on its payments obligations if the debt ceiling is not raised. But according to Ray Dalio, founder of the world’s largest hedge fund Bridgewater Associates, the problem could extend beyond a debt crisis. “The debt ceiling negotiations is ridiculous because it’s not dealing with the problem,” he said in a YouTube video. The billionaire investor explains that if the debt ceiling is raised, the U.S. will just keep piling on debt. And if the limit does not increase, t
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The U.S. Commerce Department should add Chinese memory chip maker Changxin Memory Technologies (CXMT) to a trade blacklist after Beijing earlier this week banned the sale of some chips by U.S.-based Micron Technology Inc, the chair of the U.S. House of Representatives' committee on China said on Tuesday. The restrictions this week by China's cyberspace regulator against Micron, the biggest U.S. memory chipmaker, were the latest in a widening trade dispute between the world's two largest economies.
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Privately-held Morphogenesis Inc has agreed to combine with CohBar Inc (NASDAQ: CWBR) in an all-stock transaction forming a company combining expertise and resources to advance a late-stage oncology pipeline. The combined company will focus on advancing Morphogenesis' two technologies that seek to overcome the major obstacles that limit the effectiveness of current immunotherapies in treating cancer. The combined company is expected to operate under the name "TuHURA Biosciences Inc" and to trade
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Deutsche Bank analysts think there's an equal possibility that President Joe Biden and Speaker Kevin McCarthy will come to an agreement or an extension in their debt ceiling negotiations.
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Apple has unveiled a multibillion-dollar deal with Broadcom to produce new 5G radio frequency components in the US. The May 23 announcement comes as Apple—the world’s largest consumer electronics company—looks to spend more than $400 billion on domestic manufacturing.
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Shares of companies that drill primarily for natural gas are poised to outperform their oil-focused counterparts by multiples, according to Bank of America analysts.
Their argument is based on the assumption that future prices of natural gas will equal or exceed the current futures curve, which slo
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Security had to protect the board of Shell at the oil giant's annual general meeting as climate protesters rushed the stage amid more than an hour of disruption.
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Congress is putting US Treasury Secretary Janet Yellen in a tough spot.
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Enterprise adoption of AI remains one of the biggest prizes for tech companies.
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Bud Light sales were down 28.4% in the latest week, and parent Anheuser-Busch is now offering big rebates that could cut the cost of a case to under $5.
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The electric-vehicle maker announced the 1-for-15 move, which will be will be effective on May 24.
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The new multiyear agreement brings manufacturing of some components to the U.S.
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Nvidia, the world's most valuable chipmaker, is expected to say revenue and net income shrank by as much as a fifth last quarter, putting its stock's 100% rally so far this year to the test.
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Cathie Wood’s singular investing style has generated huge returns for investors of her ARK Invest ETFs during certain periods (such as during the pandemic). However, it’s a strategy that has also been responsible for racking up losses during other times, such as last year’s bear market. Wood’s preference has always been for disruptors – whether in tech, healthcare, or the auto industry – and even in difficult times, she has not deviated from that path. Whatever you make of her stock choices, Woo
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Apple has entered a multiyear deal with the chip and network equipment maker for components that will be made in the U.S.
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(Bloomberg) -- A debt-ceiling negotiation that remains in limbo, elevated recession risks and a hawkish Federal Reserve stance are just a few of the reasons JPMorgan Chase & Co.’s Marko Kolanovic is advising clients to further dump equities and hold onto cash.Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseBiden, McCarthy Still Without Debt Deal But Sound Positive ToneSaudi Energy Minister Tells Oil Speculators to ‘Watch Out’Parents Sue Elite Schools for ‘Indoct
( 8
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AutoZone posts fiscal third-quarter earnings of $34.12 a share, higher than analysts' estimates of $31.51.
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Is it possible to earn a paycheck while sitting on the couch watching television? Absolutely, but it takes a bit of work beforehand to set things in motion. By developing online assets, investments and interest payments, you can put your … Continue reading → The post How to Make $1,000 a Month in Passive Income appeared first on SmartAsset Blog.
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If you spot a Tesla on the road, you may be impressed by the sleek style of the car, but you may also find yourself wondering: How do you take an electric car like that on a road trip? How … Continue reading → The post How to Invest in EV Charging Stations appeared first on SmartAsset Blog.
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The electric-vehicle maker announced the 1-for-15 move, which will be will be effective on May 24.
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(Bloomberg) -- A blistering rally in luxury goods stocks this year powered by international demand particularly from China has taken a hit, wiping out more than $30 billion from the sector on Tuesday.Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseBiden-McCarthy Debt Talk Ends With Optimism, But Without a DealParents Sue Elite Schools for ‘Indoctrinating’ Their Kids With Anti-Racist PoliciesChina’s New Covid Wave Set to See 65 Million Cases a WeekMexico Raises A
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(Bloomberg) -- Hungary’s forint weakened the most worldwide as Prime Minister Viktor Orban said his country had split with the European Union on Ukraine and the nation’s central bank prepares to cut interest rates.Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseBiden-McCarthy Debt Talk Ends With Optimism, But Without a DealParents Sue Elite Schools for ‘Indoctrinating’ Their Kids With Anti-Racist PoliciesChina’s New Covid Wave Set to See 65 Million Cases a WeekM
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J.P. Morgan analyst Bill Peterson launched coverage of the five steel producers. He doesn't really like any of them.
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AutoZone posts fiscal third-quarter earnings of $34.12 a share, higher than analysts' estimates of $31.51.
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Lowe's beat expectations for its first-quarter earnings but cut its full-year earnings and revenue outlook on softer consumer spending.
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Investing.com - The U.S. banking crisis, which has claimed a few victims since March, is the direct result of the Fed's fight against high Inflation. Uncertainty about the health of regional banks and rising yields in the money market led to a steady outflow of deposits, bringing banks' balance sheets to their knees.
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The Detroit automaker sharpened its pitch to investors, but expectations are already high.
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They were offered the benefits of owning apartment-building rentals without any of the work, in real-estate investments that have already left some people empty-handed.
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(Bloomberg) -- US equity futures rose while Treasury yields and a gauge of dollar strength were little changed after President Joe Biden and House Speaker Kevin McCarthy said they had a productive talk on the debt ceiling. Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseMexico Raises Alert Level on Volcano Rumbling Near CapitalParents Sue Elite Schools for ‘Indoctrinating’ Their Kids With Anti-Racist PoliciesChina’s New Covid Wave Set to See 65 Million Cases a W
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Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.
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Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.
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On Friday, the Treasury General Account was $60.7 billion, down from $140 billion just a week prior.
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"When governments for one reason or another run up large debts, it is, as far as I can tell, unusual to pay those debts off," Nobel economist Paul Krugman said.
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About 8 million jobs could be lost if the US fails to raise its debt ceiling ahead of the upcoming deadline in early June, according to the analysis.
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Commercial lines insurance protects businesses from potential losses they can't afford to cover.
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A business is an individual or group engaged in financial transactions. Read about types of businesses, how to start a business, and how to get a business loan.
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A dividend is a distribution of earnings, often quarterly, by a company to its shareholders in the form of cash or stock reinvestment.
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In an email sent to American users Tuesday, Netflix issued a new set of guidelines for users who wish to share accounts, as part of its push to crack down on password sharing.
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Individuals can find discounted ways to purchase a home through auctions, government programs, or with rental income.
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Apple, Microsoft, Intel move lower as tech stocks fall, while Chevron moved higher on a ratings upgrade
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U.S. equities lost ground on May 23, 2023 as White House and congressional negotiators still haven't reached a deal on raising the federal debt ceiling to avoid a potential government default.
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Costco (COST) will likely report solid earnings growth as rising memberships and sustained customer loyalty could help the wholesaler offset weakness in discretionary spending and ecommerce.
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Lordstown Motors announced a 1-for-15 stock split to get shares high enough to keep the stock listed on Nasdaq and save a Foxconn investment.
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Combined single limits is an insurance policy provision where coverage for all components of a claim (bodily injury and property damage) is handled by a single amount.
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E-commerce is a business model that enables the buying and selling of goods and services over the internet.
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Shutterstock shares advanced in early trading on Tuesday morning after the provider of stock footage said it was buying animated images platform Giphy from Meta Platforms (META) for $53 million.
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Activist investor TCS Capital Management demanded Yelp take immediate steps to boost the stock price, including considering a sale.
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With Scorpio leading the pack, these are the 5 biggest oil tanker companies by 12-month trailing revenue.
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Predatory lending imposes unfair, deceptive, or abusive loan terms on a borrower. Many states have anti–predatory lending laws.
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Housing market demand varies city-to-city by most in a decade.
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Learning how to buy Bitcoin with a credit card might seem like a great idea, but there’s a lot to take into consideration to ensure that you are doing it right.
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Clients need to understand the full picture, including the good and bad of cryptocurrency investing.
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Slippage refers to the discrepancy between the expected price of a trade and the price at which the trade is executed.
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These are the sports betting stocks with the best value, fastest growth and most momentum best performance for Q2 2023.
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It is important to know what condition would classify as mortgage fraud and know about the common schemes and scams you should avoid.
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Deutsche Bank analysts think there's an equal possibility that President Joe Biden and Speaker Kevin McCarthy will come to an agreement or an extension in their debt ceiling negotiations.
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Webull is a top rated discount broker. Come learn how its fractional share offering can help you build a diversified portfolio.
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The Consumer Financial Protection Bureau (CFPB) reached a settlement with Citizens Bank Tuesday over what the bureau called unlawful credit card servicing practices.
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The deal will help Apple pivot to U.S. suppliers and give some runway to Broadcom to diversify its revenue stream for life after Apple begins making its own chips in-house.
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TikTok sued Montana, alleging state legislation banning the video-sharing app violates the First Amendment. The Chinese-owned video app previously fought former President Donald Trump over a similar ban.
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A NINJA loan is a slang term for a loan extended to a borrower with "no income, no job and no assets."
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A guide for parents on common money apps. Find out why Apple Wallet, Cash App, and children's debit cards stand out among other players such as PayPal and Google Pay.
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The average mortgage rate on 30-year home loans rose for the seventh day in a row, and the 15-year average was also up again. Refinance loans saw fixed rates edge higher, too.
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Exposure at default (EAD) is the total value that a bank is exposed to at the time of a loan's default.
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Nvidia, the world's most valuable chipmaker, is expected to say revenue and net income shrank by as much as a fifth last quarter, putting its stock's 100% rally so far this year to the test.
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A money market account (MMA) is a savings account with several features not found in most savings accounts.
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Financial well-being is the lowest it's been in seven years, according to the Federal Reserve.
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A capital gains tax is a levy on the profit that an investor makes from the sale of an investment such as stock shares. Here's how to calculate it.
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Learn about how Investopedia's credit card rating methodology considers over 70 features of credit cards including proprietary reward points valuation.
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Microsoft brengt dit jaar een chatbot voor Windows 11 uit met kunstmatige intelligentie. De Copilot AI werkt binnen het Windows-besturingssysteem en kan helpen bij allerlei taken op de computer. Verder heeft Microsoft nog veel meer plannen met AI, maakte het bedrijf dinsdag bekend.
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Europese brouwers zijn geschokt door de plannen van Ierland om uitgebreide gezondheidswaarschuwingen op alcoholproducten te zetten.
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De Staat vindt dat het Amerikaanse chemieconcern 3M de schade moet vergoeden die schadelijke stoffen in de Zeeuwse Westerschelde hebben aangericht. Minister Mark Harbers (Infrastructuur en Waterstaat) heeft het bedrijf aansprakelijk gesteld, laat de landsadvocaat in een brief aan 3M weten.
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Nederlandse huishoudens hebben in de eerste drie maanden van dit jaar ondanks de onrust in de bankensector winst behaald op hun beleggingen. Zij hebben ook meer belegd in aandelen en obligaties van banken, zo meldt De Nederlandsche Bank (DNB).
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Wie in de lente en zomer energie wil besparen, doet dat het beste in de badkamer. Dan is de douche de grootste energiegebruiker. Althans, in een gemiddeld huishouden. Want er blijken grote verschillen te bestaan en die tellen op jaarbasis op tot honderden euro’s.
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min )
Het bestuur van Shell moest op de aandeelhoudersvergadering in Londen afgeschermd worden voor klimaatactivisten. Ze probeerden het podium te bestormen en zijn afgevoerd door beveiligers.
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De Hongkongse luchtvaartmaatschappij Cathay Pacific Airways heeft haar excuses aangeboden voor vermeende discriminatie van een Chinese passagier. Die zou om een deken hebben willen vragen, maar gebruikte het Engelse woord carpet (tapijt) in plaats van blanket. Het personeel zou de reiziger daarom hebben uitgelachen.
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Klanten van ING krijgen vanaf 1 juni 1 procent rente op hun spaargeld. Dat is nu nog 0,75 procent. Het is de tweede renteverhoging in korte tijd bij de grootste bank van het land. Daarmee volgt het bedrijf zijn concurrent Rabobank, die vorige week bekendmaakte zijn spaarrente voor de tweede keer in ruim een maand op te schroeven.
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Een deel van het personeel van de Nedcar-fabriek in Born heeft dinsdag opnieuw het werk neergelegd. De staking volgde op langlopende onderhandelingen over een nieuw sociaal plan. De staking is een initiatief van werknemers zelf en is niet opgezet door vakbonden. Volgens VDL Nedcar zijn de medewerkers inmiddels weer aan de slag gegaan.
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Reisorganisatie Corendon vliegt vanaf november zelf klanten naar Curaçao. De afgelopen tien jaar deed KLM dat. In eerste instantie vliegt Corendon vijf keer in de week, in het hoogseizoen wordt dat opgevoerd naar zes keer in de week.
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Google verzamelt op illegale wijze privacygevoelige gegevens, vinden de Consumentenbond en Stichting Bescherming Privacybelangen (SBP). Daarom eisen de organisaties een schadevergoeding voor alle Google-gebruikers in Nederland.
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De Amsterdamse afvalverwerker AEB komt toch niet in handen van zijn Rotterdamse sectorgenoot AVR. Het bedrijf dat na de overname ontstaat, wordt te groot volgens mededingingsautoriteit ACM. Daarom zet het een streep door de deal. AEB kwam enkele jaren geleden in de problemen doordat het een deel van zijn afvallijnen moest stopzetten.
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Een nepfoto van een explosie in de buurt van het Pentagon heeft maandag tot verwarring en een korte dip op de Amerikaanse beurs geleid. De afbeelding is hoogstwaarschijnlijk met kunstmatige intelligentie (AI) gemaakt.
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TikTok heeft maandag een proces tegen de Amerikaanse staat Montana aangespannen, omdat daar vorige week een wet is aangenomen die het sociale medium verbiedt.
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Met de meivakantie en een lang weekend achter de rug voelen we ons weer fitter. Dat is hard nodig in deze tijd van hoge werkdruk, die wordt veroorzaakt door de krapte op de arbeidsmarkt. Dat zegt Jurriaan Penders, bedrijfsarts en directeur medische zaken bij HumanCapitalCare.
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In de eerste drie maanden van dit jaar hebben we minder gekocht. Toch hebben winkels meer omgezet, blijkt uit nieuwe cijfers van statistiekbureau CBS. Dat komt vooral doordat de prijzen nu veel hoger zijn.
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The well-worn adage ‘Keep it simple’ isn’t just a cliché; it holds true in many areas of life, including the stock market. It’s easy to get lost in the never-ending barrage of information and day-to-day drama on Wall Street, but a simple strategy will often point towards the best investment choices. One such strategy is to keep an eye on the insiders’ moves. These corporate officers are the ones who know best what is going on in the companies they oversee. When they are seen buying shares of the
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"A growth model dependent on stimulus and debt was always going to be unsustainable, and now it has run out of steam."
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Zoom Communications shares jumped after beating analysts' estimates for revenue.
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(Bloomberg) -- A falsified photograph of an explosion near the Pentagon spread widely on social media Monday morning, briefly sending US stocks lower in possibly the first instance of an AI-generated image moving the market.Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseBiden-McCarthy Debt Talk Ends With Optimism, But Without a DealMexico Raises Alert Level on Volcano Rumbling Near CapitalParents Sue Elite Schools for ‘Indoctrinating’ Their Kids With Anti-Racis
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min )
(Bloomberg) -- Blackstone Inc. is in discussions with lenders on a $310 million mortgage backed by a struggling Chicago office tower. Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseBiden-McCarthy Debt Talk Ends With Optimism, But Without a DealMexico Raises Alert Level on Volcano Rumbling Near CapitalParents Sue Elite Schools for ‘Indoctrinating’ Their Kids With Anti-Racist PoliciesChina’s New Covid Wave Set to See 65 Million Cases a WeekThe commercial mortgage
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Zoom Video beat Wall Street estimates and the company's own guidance—for both earnings and revenue—for the just-ended April quarter.
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Shares of the tech giant have gained 34% this year, more than triple the S&P 500.
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Zim outperformed competitors on the way up and is falling faster than other carriers on the way down. The post Shipping line Zim gets hammered by high spot-rate exposure appeared first on FreightWaves.
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Singapore Airlines, Sun Country Airlines, and Copa Holdings lead industry in revenue growth
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Apple, Microsoft, Alphabet, Amazon and Nvidia are worth nearly $9 trillion combined as an AI boom has seen investors pile into mega-cap tech stocks.
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(Bloomberg) -- The US is hurtling toward a credit default that pundits universally agree would be catastrophic for the economy and financial markets. So why is the S&P 500 treading water near a nine-month high?Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseMexico Raises Alert Level on Volcano Rumbling Near CapitalMeta Fined Record €1.2 Billion in EU Over US Data TransfersMessi, Ronaldo Lead Saudi Arabia's Multibillion-Dollar MakeoverGame theory offers some insi
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The chip maker is getting a vote of confidence from KeyBanc Capital Markets for its long-term commitment to AI apps.
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Chevron (CVX) said Monday it would buy energy exploration and production company PDC Energy (PDCE) for $6.3 billion.
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First Citizens BancShares Inc, which acquired Silicon Valley Bank following its collapse, sued HSBC Holdings PLC on Monday, accusing it of illegally poaching more than 40 of the failed bank's employees. The lawsuit filed in San Francisco federal court says HSBC violated federal law by hiring away the workers in order to improperly gain access to Silicon Valley Bank's (SVB) trade secrets. First Citizens in the lawsuit said it is seeking more than $1 billion in damages.
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Shares of electric-vehicle giant Tesla are logging their fifth straight day of rising Monday. There are a few reasons for the big gain, but Ford might account for most of it.
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It's easy to earn a great rate on your savings or a CD, but it means looking beyond the big-name banks. Smaller players pay significantly more, and are just as safe.
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ZIM Integrated Shipping Services Ltd (NYSE: ZIM) reported a Q1 2023 sales decline of 63% Y/Y to $1.37 billion, missing the consensus of $1.57 billion. Carried volume in Q1 was 769 thousand TEUs, a decrease of 10% Y/Y. The average freight rate per TEU in Q1 was $1,390 (-64% Y/Y). The company generated an EPS loss of $(0.50), down from $14.19 a year ago. Adjusted EBITDA fell 85% Y/Y to $373 million, with margins of 27% vs 68% a year ago. ZIM's total cash position stood at $4.25 billion as of March
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(Bloomberg) -- Ford Motor Co. reached a series of deals to buy lithium from projects in Canada to Chile, as automakers rush to secure the materials needed to build electric vehicles.Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseBiden Says US-China Relations Set to Improve ‘Very Shortly’Meta Fined Record €1.2 Billion in EU Over US Data TransfersMexico Raises Alert Level on Volcano Rumbling Near CapitalFord has struck deals with Albemarle Corp., the world’s top
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He cautioned investors against falling into a “false bull trap.”
( 39
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The chip maker is getting a vote of confidence from KeyBanc Capital Markets for its long-term commitment to AI apps.
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The two sides' relative negotiating strength helps explain why fInancial markets have stayed relatively calm, writes Larry Hatheway.
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Exxon Mobil has bought land in Arkansas that contains lithium, a key component in lithium-ion batteries that power electric vehicles.
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Following 2022’s bear, the markets have made a recovery in 2023 with both the S&P 500 and, in particular, the NASDAQ showing healthy year-to-date gains. Therefore, it might be a natural instinct for investors who have nursed heavy losses to be eying the exit gate now the market is rebalancing, and the initial investment is back to breaking even. That kind of thinking, however, is a big mistake, says legendary investor Ken Fisher. “As initial bull market rallies build, investors — raw from the pr
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(Bloomberg) -- Federal Reserve Bank of St. Louis President James Bullard said he expects the central bank will need to raise interest rates twice more this year to quell inflation.Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseBiden Says US-China Relations Set to Improve ‘Very Shortly’Meta Fined Record €1.2 Billion in EU Over US Data TransfersMexico Raises Alert Level on Volcano Rumbling Near Capital“I think we’re going to have to grind higher,” he said Monday
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(Bloomberg) -- Chevron Corp. said it will buy driller PDC Energy Inc. in a $6.3 billion all-stock deal, allowing Chevron to expand its holdings in shale basins in Colorado and West Texas.Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseBiden Says US-China Relations Set to Improve ‘Very Shortly’Meta Fined Record €1.2 Billion in EU Over US Data TransfersMexico Raises Alert Level on Volcano Rumbling Near CapitalChevron will pay $72 a share, a roughly 14% premium on
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Medigap and Medicare Advantage are both healthcare plans used by people in retirement. Medigap insurance helps supplement areas like coinsurance, deductibles and copayments. Medicare Advantage, sometimes called Part C, plans are offered by private companies approved by Medicare. We'll dive … Continue reading → The post Differences of Medigap vs. Medicare Advantage appeared first on SmartAsset Blog.
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Retirement is a major milestone that most couples look forward to. But some couples find the transition to retirement negatively impacts their marriage, sometimes resulting in irreconcilable differences and divorce. Rates of late-in-life divorce, also called "gray" divorce, have risen … Continue reading → The post How to Navigate a Divorce After You Retire appeared first on SmartAsset Blog.
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Some financial products like life insurance or tax-advantaged retirement accounts require you to name one or more beneficiaries. However, that's not the case with many assets. For instance, you can buy a house or set up a savings account without … Continue reading → The post Differences of Beneficiary Designations vs. Wills appeared first on SmartAsset Blog.
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The deal would boost the oil company’s ownership in the largest U.S. oil field and in the Denver-Julesburg Basin.
( 25
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'PDC’s attractive and complementary assets strengthen Chevron’s position in key U.S. production basins,' says Chevron Chairman and CEO Mike Wirth in a statement.
( 25
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Mizuho of Japan has agreed to buy investment bank Greenhill in a deal worth $550 million including debt, the companies said Monday.
Greenhill's stock surged premarket.
Some key details:
Mizuho is paying [$15 a share in cash](https://www.globenewswire.com/news-release/2023/05/22/2673304/0/en/Miz
( 18
min )
The drugmaker is paying $17 a share for the Swiss biotech company. The move adds to the $71 billion worth of deals announced in the healthcare and life sciences space in the first quarter.
( 22
min )
Washington awaits bids to refill crude reserves with modified price proposal.
( 28
min )
Ironwood Pharmaceuticals is paying $17 a share for the Swiss biotech company.
( 22
min )
(Bloomberg) -- PacWest Bancorp, one of the regional US lenders that was engulfed in turmoil earlier this month, said it agreed to sell a $2.6 billion portfolio of 74 real estate construction loans as part of its plan to shore up liquidity.Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseBiden Says US-China Relations Set to Improve ‘Very Shortly’Mexico Raises Alert Level on Volcano Rumbling Near CapitalMeta Fined Record €1.2 Billion in EU Over US Data TransfersKen
( 38
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Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.
( 20
min )
The bank and other regional lenders have come under fire from investors over the past few months.
( 22
min )
Ford Motor Co. CEO Jim Farley says the company will stop competing in over-served market segments and instead will place big bets on connected vehicles and digital services. The days of Ford being all things to all people are over, Farley said in a statement ahead of the company's capital markets day event Monday. Executives are to explain how Ford will get to a 10% pretax profit margin in 2026.
( 38
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Another debt-ceiling meeting, China bans some Micron sales as chip war escalates, and other news to start your day.
( 23
min )
Powerful investors such as Brookfield Asset Management are starting to cut their losing real estate bets to protect returns.
( 25
min )
Regional lender PacWest Bancorp said on Monday it entered into an agreement to sell a portfolio of 74 real estate construction loans to a subsidiary of Kennedy-Wilson Holdings Inc.
( 37
min )
Farmers in Kansas, the biggest U.S. producer of wheat used to make bread, are abandoning their crops after a severe drought and damaging cold ravaged farms. They are intentionally spraying wheat fields with crop-killing chemicals and claiming insurance payouts more than normal, betting the grain is not worth harvesting, Reuters found on a three-day tour of the state. Abandoning fields will lead to a smaller U.S. wheat supply in the world's No. 5 wheat exporter, with stocks seen falling to a 16-year low.
( 39
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China’s cyberspace regulator told companies involved in critical information systems to stop buying Micron chips.
( 23
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Vacancies are climbing and rents are sinking amid a stalled return-to-office rate.
( 26
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U.S. semiconductor toolmaker Applied Materials Inc on Monday said it plans to spend up to $4 billion on a research center in the heart of Silicon Valley to speed up advances in semiconductor manufacturing. The center, which will be based in Sunnyvale, California, will come on line in 2026 and create up to 2,000 engineering jobs, said Applied, which is the world's biggest maker of the tools used in manufacturing chips. The facility will host about $25 billion of research work over its first decade, pulling together staff from research universities and major chipmakers such as Intel Corp, Taiwan Semiconductor Manufacturing Co and Samsung Electronics Co Ltd, among others.
( 39
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India has witnessed a spurt in demand for gold since the Reserve Bank of India (RBI), last week, announced that the 2,000-rupee currency notes will be pulled out of circulation.
( 38
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China bans companies from buying chips from Micron Technology, Ford hosts an investor day, and Zoom Video is scheduled to report earnings Monday.
( 23
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(Bloomberg) -- Don’t be fooled into believing that the rally in US stocks is the beginning of a new bull market, according to Morgan Stanley’s Michael Wilson.Most Read from BloombergBiden Says US-China Relations Set to Improve ‘Very Shortly’China’s $23 Trillion Local Debt Mess Is About to Get WorseMexico Raises Alert Level on Volcano Rumbling Near CapitalZelenskiy Signals Bakhmut Falling, Russian Casualties HighWilson, among the most bearish voices on Wall Street, says there’s too much evidence,
( 38
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(Bloomberg) -- Adani Group shares surged on Monday, extending gains spurred by an Indian court panel’s report that found no conclusive evidence of stock-price manipulation as alleged by US short seller Hindenburg Research.Most Read from BloombergBiden Says US-China Relations Set to Improve ‘Very Shortly’Zelenskiy Signals Bakhmut Falling, Russian Casualties HighMexico Raises Alert Level on Volcano Rumbling Near CapitalTraders Brace for Volatility With US Debt Deal Still ElusiveThe 10 Adani stocks
( 38
min )
China has said it found "relatively serious" cybersecurity risks from chips made by US semiconductor giant Micron amid an escalating technology battle between the superpowers.
( 39
min )
Here is your Pro Recap of the biggest analyst picks you may have missed today: upgrades at Norfolk Southern, DraftKings, Union Pacific, and AnaptysBio. Norfolk Southern (NYSE:NSC) shares rose more than 2% pre-market today after two Wall Street firms upgraded the company, as InvestingPro reported in real time. Wells Fargo upgraded the company to Overweight from Equal Weight and raised its price target to $250.00 from $225.00.
( 38
min )
Credit Suisse AG staff are making preparations to sue the Swiss financial regulator over $400 million of bonuses that were cancelled following the bank's rescue by UBS, the Financial Times reported on Monday. Law firms Quinn Emanuel and Pallas, which are already suing Swiss regulator Finma on behalf of investors who owned AT1 bonds, have received multiple requests from senior managers at Credit Suisse to take legal action on their behalf, the report said.
( 37
min )
As talks over raising the U.S. government's $31.4 trillion debt ceiling go down to the wire, Wall Street banks and asset managers have been preparing for the fallout from a potential default. The financial industry has prepared for such a crisis before, most recently in September 2021. Less than two weeks remain until June 1, when the Treasury Department has warned that the federal government might not be able to pay all its debts, a deadline U.S. Treasury Secretary Janet Yellen reaffirmed on Sunday.
( 39
min )
Korean carmaker known for its budget brands has become an EV innovator; sets sights on Tesla
( 22
min )
The dollar nursed losses against the yen and euro on Monday following a surprise breakdown in U.S. debt ceiling negotiations and after Federal Reserve chair Jerome Powell indicated a preference to slow rate hikes. Investors now await a key meeting between U.S. President Joe Biden and House Republican Speaker Kevin McCarthy to discuss the debt ceiling on Monday. "Have we not seen this movie before?" National Australia Bank strategist Rodrigo Catril said in a client note, while Westpac strategist Sean Callow called it a "hiccup."
( 39
min )
Cyberspace office says the chip maker’s products pose a major national-security risk.
( 27
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Oil prices edged up on Monday on a softer dollar and supply cuts from Canada and OPEC+ producers, while investors waited to see if a pledge by the Group of Seven (G7) nations to strictly enforce price caps on Russian energy would impact exports. Brent crude futures climbed 14 cents, or 0.2%, to $75.72 a barrel by 0018 GMT while U.S. West Texas Intermediate crude for July delivery, the more actively traded contract, was at $71.84 a barrel, up 15 cents, or 0.2%. The dollar came off a two-month top against a basket of major peers as investors expect the Federal Reserve to keep rates unchanged at its June meeting.
( 39
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Vanguard mutual funds and exchange-traded funds (ETFs) can be bought through other brokerages, but some advantages may be lost and some fees incurred.
( 19
min )
(Bloomberg) -- Equity futures for US and Asian stock benchmarks slid while currencies held within tight ranges in a cautious start to trading Monday as the risk of a debt default in Washington cast a shadow over markets.Most Read from BloombergZelenskiy’s Surprise G-7 Stop Unnerves Critical Brazilian LeaderZelenskiy Signals Bakhmut Falling, Russian Casualties HighTraders Brace for Volatility With US Debt Deal Still ElusiveBiden Says US-China Relations Set to Improve ‘Very Shortly’Movements in mo
( 39
min )
Zoom Communications shares jumped after beating analysts' estimates for revenue.
( 16
min )
JPMorgan's Dimon has no plan soon to step aside as CEO, sees potential credit distress ahead but no repeat of 2008-09 crisis
( 17
min )
Personal loan rates jumped following three weeks of declines, raising the overall average by 51 basis points and crossing the 21.00% threshold for the first time this year.
( 18
min )
U.S. equities ended mixed on Monday, May 22, 2023 before President Biden and Speaker McCarthy were set to meet to negotiate an end to the debt ceiling stalemate.
( 16
min )
With Apple leading the pack, these are the 10 biggest tech hardware companies by 12-month trailing revenue.
( 21
min )
PacWest Bancorp sold 74 construction loans valued at $2.6 billion to Kennedy-Wilson Holdings, as it tries to boost its finances.
( 16
min )
The number of financial designation programs offering expertise in “senior finance” is on the rise, but do they offer real value?
( 24
min )
Pfizer's experimental diabetes treatment helped patients lose weight similar to Ozempic, but in less time.
( 16
min )
An investment thesis is a strategy proposal backed by original research and analysis. It is important to decide your next step.
( 18
min )
Online banking and apps, despite ominous predictions to the contrary, have not killed off your local bank and that's why JPMorgan's betting on expanding its branch footprint.
( 17
min )
Adjustable-rate mortgages can save borrowers money, but you can't go into one blind. In order to benefit from an ARM, you have to understand how it works.
( 23
min )
Second-biggest U.S. EV maker announced deals that not only will supply enough lithium for millions of batteries, but also qualify for $7,500 in tax credits.
( 18
min )
Singapore Airlines, Sun Country Airlines, and Copa Holdings lead industry in revenue growth
( 20
min )
Venmo said its new Venmo Teen Account, a service that allows parents to open financial accounts for their teen children aged 13 through 17, will be available starting in June.
( 17
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With Apple topping the list, these are the 10 biggest technology companies by 12-month trailing revenue.
( 21
min )
PDC Energy shares (PDCE) are jumping after Chevron (CVX) announced an agreement to buy the energy exploration and production company for $6.3 billion.
( 16
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It's easy to earn a great rate on your savings or a CD, but it means looking beyond the big-name banks. Smaller players pay significantly more, and are just as safe.
( 22
min )
Large investors, who were buying homes and pricing out home buyers, are no longer investing in the housing market at a frenetic pace. Here's why and what it means for homebuyers.
( 17
min )
The European Union’s (EU) $1.3 billion fine against Facebook on Monday was the third-largest ever against a U.S. tech giant, and the latest in a series of fines meant to rein in big tech.
( 19
min )
Mortgage rates on 30-year and 15-year loans continued to rise, both now even further above their highest level in more than two months. Refinance rates were mixed.
( 19
min )
This week’s cryptocurrencies to keep an eye on are Render Token (RNDR), Synthetix (SNX), Mask Network (MASK), Injective (INJ), and XRP (XRP).
( 20
min )
Learn the stories behind the five largest institutional shareholders of British Petroleum stock, who are all investment management firms.
( 21
min )
The new law assesses $10,000 fines on app stores that distribute TikTok to Montanans, but how can the state enforce it?
( 18
min )
The Food and Agriculture Organization (FAO) is a United Nations agency that works on international efforts to defeat hunger by developing agriculture.
( 19
min )
Jeff Kleintop, Chief Global Investment Strategist for Charles Schwab, rejoins The Express to share his favorite economic and market indicators, what to watch out for in the debt ceiling showdown, and how to pick stocks around the world in today's bewildering environment.
( 15
min )
Currencies trade on the foreign exchange market in which trading is always occurring somewhere around the world. Learn how a closing price is assessed.
( 18
min )
A registered investment advisor (RIA) professionally manages investment portfolios and advises on investment strategies. Learn more about RIAs and whether you need one.
( 27
min )
Anheuser-Busch, Ambev, and Tsingtao Brewery lead the industry in revenue growth.
( 19
min )
To become a registered investment advisor requires specific licensing, qualifications and regulations, but the greater freedom may be worth it.
( 26
min )
Life insurance provides a financial safety net for your loved ones, but in certain situations, your policy might not pay out the death benefit.
( 24
min )
Service members face challenging circumstances when deciding whether to buy—or how to go about selling—once they have a new post.
( 23
min )
Kenneth I. Chenault is a former chair and CEO of American Express
( 21
min )
The cost of owning a second home can be reduced through tax deductions on mortgage interest, property taxes, and rental expenses, among others.
( 31
min )
Disposable income is the amount of money that a person or household has to spend or save after income taxes are deducted.
( 26
min )
Sovereign defaults, in which a nation can't pay its debts and is technically bankrupt, are actually more common than you think. Learn more about their impact.
( 23
min )
The risk-free rate of return is the theoretical rate of return of an investment with zero risk. Learn how it works and what it means for investors.
( 25
min )
Vanguard mutual funds and exchange-traded funds (ETFs) can be bought through other brokerages, but some advantages may be lost and some fees incurred.
( 19
min )
TikTok heeft maandag een rechtszaak aangespannen tegen de Amerikaanse staat Montana, omdat daar vorige week een wet is aangenomen die het sociale medium verbiedt.
( 3
min )
175.000 mensen begonnen in 2022 met een baan in zorg en welzijn. Dat is het grootste aantal sinds eind 2010. Toch kampt de sector nog altijd met enorme personeelstekorten.
( 3
min )
De monniken van de Sint-Sixtusabdij in het Vlaamse Westvleteren gaan binnenkort hun bier verkopen bij Nederlandse slijterijen. Omdat het gelijknamige trappistenbier nu voor hoge prijzen wordt verkocht op de zwarte markt, gaan de monniken het op de legale manier in Nederland verkopen.
( 3
min )
De monniken van de Sint-Sixtusabdij in het Vlaamse Westvleteren gaan binnenkort hun bier verkopen bij Nederlandse slijterijen. Omdat het gelijknamige trappistenbier nu voor hoge prijzen wordt verkocht op de zwarte markt, gaan de monniken het op de legale manier in Nederland verkopen.
( 3
min )
De omstandigheden voor de woningbouw zijn slecht, schrijft minister Hugo de Jonge (Volkshuisvesting) maandag in een brief aan de Tweede Kamer. Hoewel er vorig jaar meer woningen bij zijn gekomen dan De Jonge had verwacht, voorziet hij met name voor 2024 een "forse dip" in de woningproductie.
( 4
min )
Prijzen voor koophuizen dalen al enige tijd en de vorige maand was daar geen uitzondering op, bleek maandag. Daarmee zijn de extreme stijgingen van de afgelopen jaren nog lang niet gecompenseerd, maar het toont volgens deskundigen wel aan dat de gekte langzaam uit de markt verdwijnt.
( 5
min )
Facebook-moederbedrijf Meta kreeg maandag een boete van 1,2 miljard euro opgelegd. Dat is de hoogste privacyboete ooit in Europa, maar lang niet de enige. Sinds 2018 zijn er tientallen techbedrijven voor honderden miljoenen euro's berispt vanwege dergelijke overtredingen.
( 5
min )
Schiphol telde ook in april een miljoen reizigers minder dan voor de coronapandemie. Er kwamen 5,1 miljoen passagiers voorbij. De luchthaven ziet het aantal passagiers wel toenemen in vergelijking met een jaar eerder.
( 3
min )
Privacyorganisaties zijn blij met de Europese megaboete van 1,2 miljard euro voor Facebook-moederbedrijf Meta. Internetbedrijven zijn bezorgd en vragen zich af of zij nog gegevens van Europeanen mogen verwerken.
( 4
min )
De Nederlandse Voedsel- en Warenautoriteit (NVWA) heeft in de eerste helft van vorig jaar 5.700 tekortkomingen geconstateerd in grote Nederlandse slachthuizen. De toezichthouder vindt dat de bedrijven nu echt werk moeten maken van dierenwelzijn. Maar de vleessector herkent zich niet in het beeld.
( 4
min )
Europese privacytoezichthouders hebben Meta een boete van 1,2 miljard euro opgelegd. Het moederbedrijf van Facebook krijgt die boete omdat het data van Europese gebruikers heeft doorgestuurd naar de Verenigde Staten.
( 3
min )
Ryanair gaat de ticketprijzen omhoogschroeven nu de vraag naar vliegreizen aantrekt. Wie onder de duurdere ticketprijzen uit wil komen, moet volgens topman Michael O'Leary vroeg boeken.
( 3
min )
Marjan van Loon, die afgelopen maand afzwaaide als president-directeur van Shell Nederland, gaat niet meer fulltime betaald aan de slag.
( 3
min )
Het consumentenvertrouwen is na zes maanden groei iets gedaald. Consumenten zijn vooral negatiever over de economie in de aankomende twaalf maanden. De koopbereidheid is in mei wel wat toegenomen.
( 3
min )
De prijzen van koopwoningen zijn in april voor de derde maand op rij gedaald. Gemiddeld betaalden kopers 4,4 procent minder dan een jaar eerder, blijkt uit cijfers van het CBS en het Kadaster.
( 3
min )
De prijzen van koopwoningen zijn in april voor de derde maand op rij gedaald. Gemiddeld betaalden kopers 4,4 procent minder dan een jaar eerder, blijkt uit cijfers van het CBS en het Kadaster.
( 3
min )
Vanuit de supermarkt via je smartphone een kijkje nemen in de koelkast of er nog bakboter is. Of onderweg naar huis alvast de oven laten voorverwarmen. In steeds meer Nederlandse keukens is slimme keukenapparatuur te vinden. Dat lijkt handig, maar is het niet altijd.
( 4
min )
Investors are constantly looking for ways to generate big returns, after all that is the whole point of investing. Achieving that goal is easier said than done, however. As with anything, if it were really simple, investors would only have success stories to tell. That said, there are ways to gain an edge in the market, and one common route is to keep track of insiders’ actions. Insiders are corporate officers responsible for their respective companies’ performance and have access to information
( 42
min )
(Bloomberg) -- Things may get even worse for Japanese currency bulls after the yen touched its lowest level against the greenback this year and traders get closer to erasing their bets on a central bank policy tweak. Most Read from BloombergBiden Says US-China Relations Set to Improve ‘Very Shortly’Zelenskiy Signals Bakhmut Falling, Russian Casualties HighMexico Raises Alert Level on Volcano Rumbling Near CapitalTraders Brace for Volatility With US Debt Deal Still ElusiveThe yen closed at 137.98
( 39
min )
Ford Motors host its 2023 “Capital Markets Day” its calling “Delivering Ford+.” Investors can tune in starting at 8 a.m. Eastern time.
( 22
min )
It was another busy week in the transportation world and no surprise, Tesla was one of the headliners. The company held its annual shareholder meeting and as per ushe, CEO Elon Musk shared tidbits and musings about the company. Speaking of Musk, he lost another bid to end a 2018 settlement with the U.S. Securities and Exchange Commission that requires oversight of some of his Tesla-related tweets.
( 44
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Earnings reports from Zoom Video, Lowe’s, Snowflake, Best Buy, Costco, and Ulta. Plus, minutes from the Federal Reserve’s May meeting and core PCE inflation data.
( 22
min )
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This property market is easy to access and provides profitable opportunities.
( 22
min )
An advisers suggests how he can shore up his finances and set aside money for his four children.
( 27
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IRS raised health savings account contribution limits for 2024 by a record amount. This may be a big deal for those who hate paying taxes. Here's why.
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Morgan Stanley CEO's departure severs more banking ties to the global financial crisis; only a handful of CEOs at large U.S. banks during the 2008-09 financial crisis remain in place.
( 18
min )
A team of tech analysts have quit en masse at a City investment bank in the latest sign of turbulence.
( 38
min )
Guizhou province has jaw-dropping landscapes and some of the world’s highest bridges—and outstanding debt of about 1.3 times its gross domestic product.
( 27
min )
Minneapolis Fed President Neel Kashkari said he could support holding interest rates steady at the central bank’s next meeting.
( 26
min )
Britain's tax system is riddled with "perverse" incentives and punishing levies that must be reformed to make work pay, the head of a powerful parliamentary committee has warned.
( 41
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(Bloomberg) -- Investors are girding for spikes in currency volatility and losses in equities should US lawmakers struggle to clinch a debt-limit deal this week.Most Read from BloombergZelenskiy’s Surprise G-7 Stop Unnerves Critical Brazilian LeaderHedge Funds’ Ultra-Bearish Oil Bets Signal US Recession AngstZelenskiy Signals Bakhmut Falling, Russian Casualties HighTalks between politicians to end the deadlock hit another bump over the weekend with House Speaker Kevin McCarthy accusing White Hou
( 38
min )
AI – artificial intelligence – has been stirring up the tech pot in recent times. With the release of ChatGPT, and the explosion of AI-powered natural language into the realm of online search, content creation, and even picture editing, it’s become clear that AI is the next frontier of the tech space. A sudden boom of this sort will always bring opportunities with it. New jobs and new products, of course – but also renewed opportunities in the stock market. Companies related to AI, either direct
( 42
min )
Building an emergency fund is essential so you don't run into financial trouble if you lose your job or unexpected expense crops up. But keeping your emergency fund in a traditional savings account may not be the best solution. To … Continue reading → The post How to Use a Roth IRA as an Emergency Fund appeared first on SmartAsset Blog.
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Withdrawing money the right way matters. We often talk about how to save for retirement. That is, after all, essential business for everyone during their working life. Whether you follow the 60/40 strategy, put your money into real estate or … Continue reading → The post Four Retirement Withdrawal Strategies appeared first on SmartAsset Blog.
( 40
min )
There are a few options when you need a secure way of paying for something. Sure, cash is king, but not everyone feels safe carrying a thick wad around. Cashier's checks and money orders are two of the more secure … Continue reading → The post Cashier's Check vs. Money Order appeared first on SmartAsset Blog.
( 40
min )
Multi-asset strategies are styles of investment that provide for including a variety of different financial assets such as stocks, bonds and cash in a portfolio. Multi-asset strategies can provide greater diversification and less downside risk while also adding income and … Continue reading → The post What Are Multi-Asset Strategies? appeared first on SmartAsset Blog.
( 39
min )
You can't buy a life insurance policy for just anyone. Before an insurance company approves your request to take out life insurance on anyone other than yourself, you must obtain the consent of the proposed insured. You also have to … Continue reading → The post Can You Take Out Life Insurance on Anyone? appeared first on SmartAsset Blog.
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Many people choose the wrong plan simply because it all seems too complicated to understand.
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Electric vehicle makers BYD, Lucid, and Fisker lead the industry in revenue growth.
( 22
min )
Damola Adamolekun says he doesn’t need work-life balance.
( 39
min )
(Bloomberg) -- Investors are planning to ramp up bets in emerging markets, according to the latest Markets Live Pulse survey — a sign the asset class is becoming a favorite for those wary of a US recession. Most Read from BloombergZelenskiy’s Surprise G-7 Stop Unnerves Critical Brazilian LeaderHedge Funds’ Ultra-Bearish Oil Bets Signal US Recession AngstDebt-Limit Talks Resume After Optimism Curbed by GOP Walk-OutSome 61% of the 234 money managers, analysts and traders surveyed said they expect
( 39
min )
Interest rates will soar. The stock and bond markets will crash. And the global financial system will be plunged into turmoil as investors flee to any safe asset they can find.
( 39
min )
The California Public Employees' Retirement System, known as Calpers, cut positions in Apple and Intel stock, and sold shares of Chinese electric-vehicle makers NIO and Li Auto.
( 22
min )
The oil giant quietly laid plans earlier this year for potentially producing the mineral in Arkansas.
( 27
min )
Private equity giant Blackstone Inc said it has fully acquired the jewellery certification firm International Gemological Institute (IGI) from China's Fosun and the company's founding family. Blackstone acquired IGI- whose majority revenue and profits come from India- for about $530 million, said a person with direct knowledge of the matter. The statement said it had purchased an 80% stake from Fosun and 20% from the Lorie family.
( 38
min )
Private equity giant Blackstone Inc said it has fully acquired the jewellery certification firm International Gemological Institute (IGI) from China's Fosun and the company's founding family. Blackstone acquired IGI- whose majority revenue and profits come from India- for about $530 million, said a person with direct knowledge of the matter. The statement said it had purchased an 80% stake from Fosun and 20% from the Lorie family.
( 38
min )
Many are pulling cash from stock funds and seeking safety in Treasurys that don’t mature for several years.
( 27
min )
Flynn Restaurant Group harnesses internal and competitor data to take a surgical approach to selling fast food and sit-down meals.
( 21
min )
(Bloomberg) -- Behind the facade of Europe’s forecast-beating company earnings, cracks are appearing as exporters start to feel the pinch from regional exchange rate strength against the dollar.Most Read from BloombergZelenskiy’s Surprise G-7 Stop Unnerves Critical Brazilian LeaderHedge Funds’ Ultra-Bearish Oil Bets Signal US Recession AngstDebt-Limit Talks Resume After Optimism Curbed by GOP Walk-OutZelenskiy Meets With India’s Modi on Sidelines of G-7 SummitThe euro, Swiss franc and sterling a
( 40
min )
When Vodafone named Margherita Della Valle as CEO last month, investors adopted a wait-and-see approach to whether the company veteran was the right person to jolt it out of a deep malaise. Within weeks, Della Valle gave them a stark assessment of the problems Vodafone faces. Della Valle, an Italian who joined Vodafone in 1994 and had been its chief financial officer since 2018, vowed on Tuesday to cut 11,000 of 90,000 jobs and speed up the delivery of new offers by giving local country bosses greater autonomy.
( 40
min )
Rishi Sunak is imposing the biggest tax rise the UK has seen since the 1970s. The Government’s decision to freeze personal tax thresholds for the next five years will drag millions of middle-income earners into the 40pc tax bracket.
( 40
min )
The loan-to-value (LTV) ratio is a lending risk assessment ratio that financial institutions and other lenders examine before approving a mortgage.
( 25
min )
Understand the difference between business intelligence and competitive intelligence. Learn why both are important for the success of a company.
( 21
min )
The Solow residual is a measure of an economy's productivity growth. It is also referred to as total factor productivity (TFP).
( 19
min )
Wrap-up insurance is an all-encompassing liability insurance policy that protects all contractors and subcontractors working on a large project.
( 23
min )
Affordable market value (AMV) is the price charged for an apartment building sold through the FDIC’s Affordable Housing Program.
( 23
min )
Net premium, in the insurance industry, is calculated as the expected present value (PV) of a policy’s benefits minus the expected PV of future premiums.
( 20
min )
Probable Maximum Loss (PML) is the maximum loss that an insurer would be expected to incur on a policy. It's a standard calculation in underwriting.
( 20
min )
This property market is easy to access and provides profitable opportunities.
( 22
min )
If you're in the market for a home, it helps to know what lenders look for so you can adjust your finances accordingly. Here are six tips.
( 23
min )
Flood insurance is required by some mortgage lenders if the property is in a federally designated high-risk flood zone.
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Conventional mortgages are more in line with the needs of the average homebuyer. Jumbo mortgages are for properties with steep price tags.
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Morgan Stanley CEO's departure severs more banking ties to the global financial crisis; only a handful of CEOs at large U.S. banks during the 2008-09 financial crisis remain in place.
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When choosing between 15-year and 30-year mortgages, remember that longer terms usually mean smaller payments, but higher overall interest costs. Learn more.
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A down payment is a sum of money, usually a percentage of the cost the buyer pays at the outset of a purchase of a home or car.
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Attestation in law is the act of authenticating a formal document by witnessing it being signed and then also signing it to verify its legitimacy.
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A business owner policy (BOP) combines protection from all major property and liability risks into one package. They typically contain business interruption insurance, property insurance, and liability protection.
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Electric vehicle makers BYD, Lucid, and Fisker lead the industry in revenue growth.
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An assumable mortgage is a type of financing arrangement in which an outstanding mortgage can be transferred from the current owner to a buyer.
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A zero cost collar is an options strategy used to lock in a gain by buying an out-of-the-money (OTM) put and selling a same-priced OTM call.
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We hebben al anderhalf jaar te maken met een torenhoge inflatie. Dat is onder meer terug te zien aan onze energierekening en boodschappen. Critici denken dat bedrijven misbruik maken van de situatie en de prijzen extra verhogen voor eigen gewin: de zogenoemde graaiflatie. Deskundigen twijfelen daarover.
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Honderden vluchten van Transavia zijn al geannuleerd en mogelijk volgen er meer. De Consumentenbond adviseert daarom om voor een pakketreis te kiezen. "Kies voor zoveel mogelijk bescherming."
( 5
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We hebben al anderhalf jaar te maken met een torenhoge inflatie. Dat is onder meer terug te zien aan onze energierekening en boodschappen. Critici denken dat bedrijven misbruik maken van de situatie en de prijzen extra verhogen voor eigen gewin: de zogenoemde graaiflatie. Deskundigen twijfelen daarover.
( 5
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'How America Works' host Mike Rowe unpacks how A.I. developments could impact jobs and offers a message to workers in light of white-collar recession fears.
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US home prices fell nearly 2% year-over-year in April, according to the National Association of Realtors.
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You've made it to the end of the week -- congrats, by the way -- and to Week in Review (WiR), TechCrunch's regular newsletter covering the week that was in tech. On May 24, TechCrunch Live, TC's podcast about founder stories, will host Romi Gubes, the co-founder of Sensi.AI, in a discussion about how the company uses audio-based software to monitor patients and assist medical staff and family members with care. Meanwhile, TechCrunch City Spotlight will go virtual on June 7 with a focus on Atlanta, where speakers will present about building businesses in the exploding metro and startups will apply to participate in TC's famed Battlefield 200.
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(Bloomberg) -- Wall Street investors sitting on a pile of cash could start considering other opportunities, with the Federal Reserve possibly heading for a pause in interest-rate hikes, according to Tom Kennedy, chief investment strategist for global wealth management at J.P. Morgan. Most Read from BloombergBiden Says US-China Relations Set to Improve ‘Very Shortly’Zelenskiy Signals Bakhmut Falling, Russian Casualties HighZelenskiy’s Surprise G-7 Stop Unnerves Critical Brazilian LeaderTraders Br
( 41
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(Bloomberg) -- Corporate America is waking up to what higher interest rates really mean.Most Read from BloombergZelenskiy’s Surprise G-7 Stop Unnerves Critical Brazilian LeaderHedge Funds’ Ultra-Bearish Oil Bets Signal US Recession AngstDebt-Limit Talks Resume After Optimism Curbed by GOP Walk-OutCompanies across the credit spectrum are facing sharply higher financing costs after the Federal Reserve raised its benchmark rate for ten consecutive meetings, bringing it to a range of 5% to 5.25% ear
( 40
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(Bloomberg) -- Bond traders are losing faith that the Federal Reserve is done tightening monetary policy and will ride to the rescue with rate cuts this year. Most Read from BloombergZelenskiy’s Surprise G-7 Stop Unnerves Critical Brazilian LeaderHedge Funds’ Ultra-Bearish Oil Bets Signal US Recession AngstDebt-Limit Talks Resume After Optimism Curbed by GOP Walk-OutZelenskiy Meets With India’s Modi on Sidelines of G-7 SummitStock Market Keeps Rallying, Defying Doom ScenariosThe latest shift in
( 39
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(Bloomberg) -- Some bond-market bets are signaling that the inflation rate will fall close to the Federal Reserve’s 2% target in the next year. A growing number of Wall Street asset managers are saying that’s a pipe dream.Most Read from BloombergDebt-Limit Talks Resume After Optimism Curbed by GOP Walk-OutZelenskiy’s Surprise G-7 Stop Unnerves Critical Brazilian LeaderStock Market Keeps Rallying, Defying Doom ScenariosMcCarthy Puts Debt-Limit Talks on ‘Pause’ as Clock Ticks DownZelenskiy Meets W
( 40
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A financial adviser weighs in on when he can afford to stop teaching.
( 27
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Despite a short seller’s accusations that his company has inflated its asset prices, Carl Icahn’s effort to shake up Illumina’s board is still very much in the interest of shareholders.
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We would all like to save a bit more money. Whether you want a better safety net, need to pay off debt or are saving up for a big purchase, having extra cash on hand is a good thing. It's … Continue reading → The post How to Save $10,000 in a Year appeared first on SmartAsset Blog.
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Non-qualified annuities have some unusual tax advantages. With these contracts, you invest money using after-tax dollars. The money in the annuity then grows tax-free or technically tax-deferred, until the contract matures. At that point, called the "annuitization," you begin receiving … Continue reading → The post Non-Qualified Annuity Taxation: Guide appeared first on SmartAsset Blog.
( 40
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Ensuring the long-term financial stability of a loved one with special needs can be an exceptionally confusing process. Public programs like Medicaid and Supplemental Security Income (SSI) will provide for them and pay for their services for the rest of … Continue reading → The post Special Needs Trusts Vs. ABLE Accounts appeared first on SmartAsset Blog.
( 40
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While there may not be a more common or consequential financial question then "how much money do I need to retire?," there isn't a one-size-fits-all answer. One person's retirement income needs will be different from the next, depending on their … Continue reading → The post How Much Money Do You Need to Retire? appeared first on SmartAsset Blog.
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Purchasing an annuity can provide you with an additional stream of income for retirement. One thing you'll have to decide is to annuitize payments or opt for lifetime withdrawals. Whether it makes sense to opt for annuitization vs. withdrawal can … Continue reading → The post Annuitization vs. Lifetime Withdrawals for Annuities appeared first on SmartAsset Blog.
( 40
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(Bloomberg) -- Money managers that trade derivatives linked to oil and fuel prices are about as bearish as they’ve been in more than a decade, suggesting they’re braced for a recession that could cause contracts from crude to jet fuel to take another tumble.Most Read from BloombergZelenskiy’s Surprise G-7 Stop Unnerves Critical Brazilian LeaderDebt-Limit Talks Resume After Optimism Curbed by GOP Walk-OutStock Market Keeps Rallying, Defying Doom ScenariosZelenskiy Meets With India’s Modi on Sidel
( 40
min )
Copper prices have slumped to a five-month low, also reflecting the resolution of supply disruptions and some traders stepping up bearish bets against the metal.
( 27
min )
There have been 78 debt ceiling deals since 1960 and zero failures. Could this time really be different?
( 41
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Janet Yellen has warned that defaulting on the debt would be a "catastrophe," but do you really know what that means?
( 40
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Simon Mitchell’s office in Union Square, New York City has had an eerily empty feel since the Covid pandemic. With four in five desks unused in a space with capacity for 300, the marketing manager only goes in when he feels like he might have some company.
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Steady investments for an unsteady market
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Economists assess the damage that could occur in three scenarios ranging from a last-minute deal to a lengthy impasse.
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Some brands are getting heavier on inventory than others as shoppers’ concerns about rising interest rates put a dent in demand.
( 27
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The Goldman Sachs CEO sees more challenges for small and midsize institutions as the cost of banking continues to climb.
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(Bloomberg) -- Some of the world’s most famed investors and the biggest Wall Street banks are voicing a near consensus that Japan’s stock market is the place to be as its larger peers — the US and China — grapple with rising economic headwinds.Most Read from BloombergDebt-Limit Talks Resume After Optimism Curbed by GOP Walk-OutMcCarthy Puts Debt-Limit Talks on ‘Pause’ as Clock Ticks DownDisney Closes Florida Star Wars Hotel, Scraps Plan to Move 2,000 EmployeesStock Market Keeps Rallying, Defying
( 40
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India will withdraw its highest denomination currency note from circulation, the central bank said on Friday. The 2000-rupee note, introduced into circulation in 2016, will remain legal tender but citizens have been asked to deposit or exchange these notes by Sept. 30, 2023. The decision is reminiscent of a shock move in 2016 when the Narenda Modi-led government had withdrawn 86% of the economy's currency in circulation overnight.
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"We've got to get movement by the White House and we don't have any movement yet," House Speaker Kevin McCarthy said about the stalled debt talks.
( 38
min )
College graduates continue to command higher wages, but to combat falling enrollment, schools need to emphasize skills over credentials.
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min )
The deposit crisis that toppled First Republic and two other banks has only made JPMorgan stronger.
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min )
FHA loans and conventional loans are both types of mortgages—but an FHA loan is intended for borrowers with lower credit scores and income.
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Triangular arbitrage involves the exchange of a currency in a series of three currency pairs over a short amount of time for a profit.
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Reciprocal insurance exchanges are where individuals and businesses exchange insurance contracts to spread the risk among themselves.
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When it comes to investing, ratios can help make you a more informed investor when they're properly understood and applied. There are 6 basic financial ratios.
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iShares, Vanguard ETFs, and spiders each represent different exchange-traded fund (ETF) families. Learn more about these ETF families and their differences.
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No-appraisal refinancing means that a lender does not require an independent assessment of a home’s value to extend a new mortgage.
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U.S. stocks have advanced in recent weeks despite substantially lower buying activity from retail investors.
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Ginnie Mae is a federal government corporation that links the United States housing market to capital markets, providing low-cost financing for federal housing programs.
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This little member of your family will be a big expense. Find out what you need to budget for and how to save.
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An insurance risk class has similar characteristics, which are used to determine the risks of underwriting a policy and the premium that should be charged.
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Hair care, homeware brand and even a custom popcorn flavor are among her brands
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min )
Bath & Body Works (BBWI) shares rise to two-month high after posting better-than-expected earnings and raising guidance for the year.
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min )
OpenAI's new ChatGPT app for Apple's iOS will allow users to use the chatbot "on the go," give it voice commands and receive ad-free recommendations.
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min )
A company's balance sheet should be interpreted when considering an investment as it reflects their assets and liabilities at a certain point in time.
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RIAs that operate their own small businesses may have HR departments with different experience than corporations, and may be more likely to make mistakes.
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The number of unmarried couples is on the rise, but they may not have similar benefits to married couples unless they have a common-law marriage.
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Klanten van supermarkten namen vorig jaar vaker iets mee zonder te betalen dan in 2021. Supermarkten liepen daardoor gemiddeld 66.300 euro per winkel mis. In 2021 lag dat bedrag ongeveer 20.000 euro lager, blijkt uit onderzoek van retailspecialist Marshoek waar NOS over schrijft.
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Adidas begint eind mei met de verkoop van de spullen die voortkwamen uit de samenwerking met Kanye West. Die samenwerking werd verbroken na antisemitische uitlatingen van de rapper, die inmiddels door het leven gaat als Ye. Volgens het sportmerk gaat "een aanzienlijk deel" van de opbrengsten naar het goede doel.
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Jonge influencers zijn belangrijk voor cosmeticamerken. Als een mascara of huidcrème viral gaat, is de kans groot dat het een goedlopend product wordt. Toch probeert de Nederlandse Cosmetica Vereniging deze reclames te beteugelen: "Merken realiseren zich niet wat de gevolgen zijn voor het zelfbeeld van jongeren."
( 5
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Apple and its compatriots have returned an average of 50% in 2023, accounting for roughly 80% of the S&P 500’s 8% gain.
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There’s a bear market in worry on Wall Street—about higher rates, a debt-ceiling debacle, and more. When sentiment is this bearish, gains often follow.
( 22
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Over the past few years, Berkshire Hathaway has engaged in more rapid trading in its $350 billion portfolio. Some plays are made by Warren Buffett’s lieutenants.
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The legendary activist, whose own company is under attack, has launched a proxy contest for three seats on the gene-sequencing giant’s board, which is mired in a messy acquisition. The stakes are high for both.
( 23
min )
Analysts weigh in on Western Alliance, YETI Holdings, Expedia Group, MercadoLibre, and Nvidia
( 22
min )
It was a bumpy ride, as is usually the case with Tesla stock, but shares are up more than $11 since Musk announced he found a CEO for Twitter.
( 22
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Recent data point to consumer strength and even a pickup in housing. That leaves the Federal Reserve room to raise interest rates again in June.
( 22
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Daniel Loeb's Third Point told its hedge-fund clients Friday that investors exiting its funds would be paid out with a mix of cash and the equivalent of an IOU for about 9% of their money, according to a letter viewed by The Wall Street Journal.
The new redemption policy highlights the frozen state
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A federal judge in Massachusetts struck down a partnership between JetBlue and American Airlines to coordinate routes and schedules in the Northeast US, which had effectively combined the Boston and New York operations of the two carriers. Citing antitrust grounds, the judge ruled that the deal was a “naked agreement not to compete.”
( 39
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Seven major companies whose stocks moved on the week’s news.
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(Bloomberg) -- Yields on US Treasury bills that mature in early June have resumed climbing as the federal government’s coffers dwindle to the lowest level in almost a year-and-a-half, increasing pressure on lawmakers to strike a deal to raise the debt limit as negotiations show signs of faltering on Capitol Hill.Most Read from BloombergZelenskiy’s Surprise G-7 Stop Unnerves Critical Brazilian LeaderHedge Funds’ Ultra-Bearish Oil Bets Signal US Recession AngstDebt-Limit Talks Resume After Optimis
( 39
min )
The country's largest advocacy group for LGBTQ+ rights has suspended its benchmark equality and inclusion rating for Anheuser-Busch, citing the beer company's handling of the hate-filled and transphobic backlash to its partnership with transgender influencer Dylan Mulvaney last month. The Human Rights Campaign informed the Bud Light maker that it suspended the company's 2022 Corporate Equality Index score — a tool that measures corporate policies, practices and benefits related to the well-being of lesbian, gay, bisexual, transgender and queer employees — on May 9, according to a letter shared with the The Associated Press on Friday. The suspension of Anheuser-Busch’s CEI score means that the company “no longer has the right to use the ‘Best Places to Work’ distinction,” HRC’s letter says.
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(Bloomberg) -- VMware Inc. has agreed to extend the deadline for its takeover by Broadcom Inc. as the $61 billion deal faces regulatory scrutiny. Most Read from BloombergMcCarthy Puts Debt-Limit Talks on ‘Pause’ as Clock Ticks DownDisney Closes Florida Star Wars Hotel, Scraps Plan to Move 2,000 EmployeesMorgan Stanley CEO Gorman to Step Down Within 12 MonthsWall Street Fears $1 Trillion Aftershock From Debt DealNYC Skyscrapers Sit Vacant, Exposing Risk City Never PredictedThe companies are now a
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The Jack-Mallers led Lightning app says it can now support nearly 3 billion people globally.
( 39
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If AI is going to change the world, investors will have lots of ways to play the theme. Here are ideas that go beyond Nvidia, Microsoft, and Alphabet.
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min )
Investors in Asia seem to be betting bigger on American A.I. than China's.
( 39
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Shares of Foot Locker tumbled Friday after the retailer missed Wall Street expectations in its latest quarterly report and slashed its outlook for the full year.
The stock closed down 27%.
Foot Locker [posted adjusted earnings](https://www.wsj.com/articles/foot-locker-fl-q1-earnings-report-2023-8f
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Most of 2022 was bad for real estate investment trusts (REITs), particularly the hotel REIT subsector, as inflation, Federal Reserve rate hikes, hurricanes, airline delays and the threat of a recession provided headwinds for the group. Several hotel REITs lost as much as 40% to 50% of their value throughout the year. But some hotel REITs have bounced back in 2023 as the hospitality industry saw an uptick in business and personal travel. Many hotel REITs announced first-quarter operating results
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Three stocks have had stellar performances over the last 12 months in their respective indexes, according to Dow Jones Market Data as of Friday afternoon.
The best performer in the Dow Jones Industrial Average is aerospace giant Boeing (BA), which has gained 70% over the last 12 months.
The best p
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min )
Homebuilder shares have been some of the top-performing stocks of the past year. Five big builders—including D.R. Horton, Lennar and PulteGroup—are trading near record highs, even with Friday's rare declines.
This is probably not what investors expected when the Federal Reserve began raising intere
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min )
Heightened interest rates have cast a shadow of doubt over stock market optimism, intensifying concerns of a looming economic downturn. Many experts have called for a recession. But billionaire hedge fund manager and New York Mets owner Steve Cohen is taking a bullish stance. “I’m making a prognostication — we’re going up,” he said at a private conference, according to Bloomberg. Cohen knows a thing or two about navigating the markets and rising to the top. After all, the hedge fund manager’s ca
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A disappointing quarterly report hammered Tyson stock. CEO Donnie King led a group of executives in scooping up shares.
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"It's hard to overstate how bad it would be," one expert said. Everything from Social Security payments to your retirement fund could get hit.
( 39
min )
Small-caps may be poised for another lackluster year, but according to Luke Barrs, asset manager and global head of client portfolio management for the investment bank Goldman Sachs, there are compelling factors that make them an attractive investment choice. Acknowledging the risks and poor sentiment that characterize the current market, Barrs goes on to say, “There are many parts of the small-cap space that are being penalized due to the macro concerns of the past couple of years.” He further
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A short seller accused the billionaire of covering up his losses by bribing shareholders with a dividend. Now he admits his 'mistake': 'Don't fight the fed'
( 40
min )
The controversy over Bud Light’s transgender promotion obscures Anheuser-Busch InBev’s push to boost global sales and revenue growth
( 22
min )
Household energy bills are expected to fall by an average £500 from July in a sign that Vladimir Putin's attempt to "weaponise" Russia's gas supplies have failed.
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min )
Shares of U.S. regional lenders fell on Friday after CNN reported that U.S. Treasury Secretary Janet Yellen told bank chief executives that more mergers may be necessary following a series of bank failures. Yellen also reaffirmed the strength and soundness of the country's banking system at the meeting with bank CEOs on Thursday in the aftermath of the collapse of Silicon Valley Bank, Signature Bank, and First Republic Bank. The KBW Regional Banking Index fell 3%, with shares of PacWest Bancorp and Western Alliance among the biggest losers as they shed 4% each.
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The catalyst for the market’s upturn is a set of fiscal rules by Brazil’s president to fix recurring budget deficits. Investors were pleased.
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min )
Treasury Secretary Janet Yellen told bank chief executives that more bank mergers may be necessary, according to a report from CNN.
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min )
GE announced that CFO Carolina Dybeck Happe will leave and Rahul Ghai will take over. Given what's coming, it makes a lot of sense.
( 22
min )
Apple makes up about 8% of the S&P 500's market cap, while Nvidia and other AI-focused companies make up around 15%.
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min )
Hiring for the office set is slowing down and employers are getting picky again
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The new CEO has laid out a sensible strategy, but progress is difficult to see in such a challenging economic environment.
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min )
Recent advances in artificial intelligence are fueling optimism over how businesses can operate more productively in the years ahead. The S&P 500's 9% rally this year has been driven by a handful of the index's biggest stocks, a number of which are at the center of the AI frenzy that has spread in the wake of the chatbot sensation ChatGPT. Five stocks - Microsoft, Google parent Alphabet, Nvidia, Apple and Meta Platforms - are responsible for the S&P 500's entire year-to-date return, said Jessica Rabe, co-founder of DataTrek Research.
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Joe Biden cut short a dinner with Rishi Sunak and other world leaders on Friday as crunch talks over raising America's debt ceiling continued.
( 38
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(Bloomberg) -- Federal Reserve Chair Jerome Powell gave a clear signal he is inclined to pausing interest-rate increases next month and said that tighter credit conditions could mean the policy peak will be lower.Most Read from BloombergDisney Drops Plan to Move Workers to Florida, Closes HotelWall Street Fears $1 Trillion Aftershock From Debt DealMorgan Stanley CEO Gorman to Step Down Within 12 MonthsNYC Skyscrapers Sit Vacant, Exposing Risk City Never PredictedUkraine Leader Zelenskiy to Visit
( 38
min )
Stocks were dropping sharply Friday amid disappointing news about debt ceiling discussions.
The Dow Jones Industrial Average shed 134 points, or 0.4%, the S&P 500 lost 0.3%, and the Nasdaq Composite fell 0.4%.
Negotiators broke off talks on the debt ceiling Friday morning, The Wall Street Journal
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min )
Catalent reduces fiscal 2023 revenue guidance but says its customer supply situation remains 'healthy' and that it continues to 'win significant new business.'
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min )
The iPhone maker is expanding its virtual wallet to take on many of the functions performed by fintechs, like paying bills, issuing credit cards, or offering buy-now-pay-later service.
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min )
Prominent activist investor Carl Icahn has acknowledged his error in placing a substantial bet on a market crash, ultimately resulting in his group suffering losses of nearly $9 billion over six years. The net asset value of Icahn Enterprises LP (NASDAQ: IEP) decreased from $7.9 billion in 2017 to $5.6 billion this month, posing a potential issue for Icahn, as he traditionally opted for an annual dividend of $8 per share in stock rather than cash. Consequently, the number of outstanding shares m
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My wife and I are elderly. I have an individual retirement account (IRA) worth about $100,000, and we have a trust set up through our children to protect our assets. If one or both of us have to go into … Continue reading → The post Ask an Advisor: Can a Nursing Home ‘Take Our IRA?' My Wife and I Are Elderly. We Have a $100K IRA and a Trust to Protect Our Assets. appeared first on SmartAsset Blog.
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(Bloomberg) -- This year’s searing Big Tech rally is showing signs of overheating, with at least one technical measure suggesting a pullback might be right around the corner. Most Read from BloombergDebt-Limit Talks Resume After Optimism Curbed by GOP Walk-OutMcCarthy Puts Debt-Limit Talks on ‘Pause’ as Clock Ticks DownStock Market Keeps Rallying, Defying Doom ScenariosDisney Closes Florida Star Wars Hotel, Scraps Plan to Move 2,000 EmployeesMorgan Stanley CEO Gorman to Step Down Within 12 Month
( 39
min )
The fashion retailer's sales of $556.4 million exceeded expectations of $513.2 million and grew 8.1% from a year earlier.
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min )
Chinese EV maker NIO Inc (NYSE: NIO) has invested in a startup firm developing fusion technologies. It endorses battery swapping as a quicker solution for powering up EVs and an energy storage facility to improve grid stability. In two decades, the newly established company, Neo Fusion, will research and develop technologies to commercialize controlled fusion globally, Reuters cites familiar sources. Neo Fusion is 50% controlled by China's eastern province of Anhui government-owned energy compan
( 39
min )
Every investor seeks to reap the rewards of their stocks; otherwise, they wouldn’t be involved in the markets. However, discovering the ideal investment, one that will yield profits, can prove to be a challenge, particularly in today’s market environment. To ensure solid returns, investors can follow two straightforward strategies. The first is to buy low and sell high. That is, find a cheap stock with sound fundamentals and good prospects for growth – and buy in to take advantage of the growth
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min )
A Medicaid asset protection trust (MAPT) can be useful for estate planning if you believe you or your spouse will need long-term care at some point. Transferring assets to this type of trust can allow you to qualify for Medicaid … Continue reading → The post How a Medicaid Trust Protects Your Assets appeared first on SmartAsset Blog.
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Fixed-income securities play an important role within individual investment portfolios and the economy at large. But like other securities, fixed-income instruments come in a myriad of variations, from short-term Treasury bills that only pay interest when the bill matures, to … Continue reading → The post Treasury Bills vs. Bonds: What's the Difference? appeared first on SmartAsset Blog.
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For older Americans, living off the interest and returns of your retirement account is how retirement is structured. The goal is that by the time you hit your late 60s you will ideally have enough saved up to coast indefinitely. … Continue reading → The post How Much Interest Does $2 Million Pay Monthly? appeared first on SmartAsset Blog.
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Foot Locker also posts fiscal first-quarter earnings and sales that missed analysts' expectations.
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min )
Carolina Dybeck Happe will step down as finance chief, and Rahul Ghai will become the CFO, effective Sept. 1.
( 40
min )
Deere's fiscal second-quarter earnings and sales beat Wall Street estimates, while Foot Locker slashes its fiscal-year outlook, sending the stock sharply lower.
( 23
min )
Friday morning, Deere reported earnings per share of $9.65 from about $16 billion in equipment sales. Wall Street was looking for earnings per share of $8.58 on equipment sales of $14.9 billion, according to FactSet.
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min )
The entrepreneur is fine that some staff at his companies will "never" return to the office—in fact he wants to see more of it.
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Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.
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min )
The Fed says it won't cut interest rates this year even if there's a recession because it wants to stamp out inflation. Markets aren't buying it.
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min )
While President Joe Biden, House Speaker Kevin McCarthy, and other politicians in Washington strive to reach a deal to raise the US federal government’s $31.4 trillion debt ceiling, the US Treasury’s cash balance fell to $87 billion on Monday (May 15), the lowest it’s been since April 12.
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min )
(Bloomberg) -- Bank of America Corp. strategist Michael Hartnett reiterated his call to sell US stocks, saying tech and artificial intelligence are forming a bubble and the Federal Reserve’s rate hikes may not be over, with rising bond yields posing a risk.Most Read from BloombergDisney Drops Plan to Move Workers to Florida, Closes HotelWall Street Fears $1 Trillion Aftershock From Debt DealSingapore Air Hands Staff Eight Months’ Salary Bonus After Record ResultsNYC Skyscrapers Sit Vacant, Expos
( 39
min )
Alibaba’s shares fell after revenue missed forecasts; Tencent and Baidu saw more marked upturn.
( 27
min )
Our energy roundtable predicts higher crude prices as global demand grows faster than supply. What’s ahead for U.S. shale, the majors, and the energy transition.
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min )
The top 10 positions held in Berkshire Hathaway's portfolio make up a massive 90.2% of its $325 billion US stock portfolio.
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min )
The Center for Fiduciary Studies offers the designations of AIF and AIFA, learn how they can help you and your clients enjoy a comfortable retirement.
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min )
Tech stocks Cisco Systems, Intel and IBM moved higher, but Nike dragged the Dow lower on shoe sale worries.
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min )
Catalent shares jumped after the contract drug maker said customer supplies are strong and it's getting "significant" new business.
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min )
U.S. equities declined on Friday, May 19, 2023 as GOP negotiators called for a pause in talks to raise the federal debt ceiling.
( 16
min )
Foot Locker reported first quarter earnings and revenue that came short of analyst estimates and lowered its guidance.
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min )
Long positions in a stock portfolio refer to stocks that have been bought and are owned, whereas short positions are those that are owed, but not owned.
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min )
A down payment is your first upfront expense when buying a home.
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min )
Short covering is a strategy where somebody who has sold an asset short buys it back to close the position.
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min )
Mortgage pre-approval is an examination of a home buyer's finances and lenders require five items to ensure borrowers will repay their loan.
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min )
Financial advisors can stay abreast of financial trends and serve clients with these 10 state-of-the-art technological tools.
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min )
Regulation Best Interest (BI) is an SEC rule that requires broker-dealers to recommend only products that are in their customers' best interests.
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Mortgage rates were up almost across all terms again, with 30-year rates rising to their highest level in more than two months, and 30-year mortgage refinance rates seeing a surge.
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Officials at the Federal Reserve are divided on whether to pause the central bank’s aggressive campaign of interest rate hikes, speeches this week showed.
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A debit card lets you pay for purchases by deducting money from your checking account. Learn how debit cards work, about their fees, and pros and cons.
( 28
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The pandemic gave a big boost to Americans’ bank accounts, and a lot of that money still hasn’t been spent despite the cost of living soaring in recent years.
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min )
Covered interest rate parity refers to a theoretical condition in which the relationship between interest rates and the spot and forward currency values of two countries are in equilibrium.
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Nominal value of a security, often referred to as face or par value, is its redemption price and is normally stated on the front of that security.
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One of the world's richest people, Sam Zell made his fortune by investing in undervalued real estate and packaging properties in REITs.
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Voor het eerst is een Nederlander op de Amerikaanse sanctielijst voor Rusland gezet, meldt Follow the Money. Het gaat om Edwin Onno van Ingen. Volgens Washington werkt hij via zijn bedrijf Ronin Management B.V. samen met Russische laboratoria die gericht zijn op het ontwikkelen van kernwapens.
( 4
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Voorzitter John Allan van de Britse supermarktketen Tesco stapt op na beschuldigingen van seksueel grensoverschrijdend gedrag. Hij treedt volgende maand af tijdens de jaarlijkse aandeelhoudersvergadering.
( 2
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Populaire Europese vakantielanden als Griekenland, Italië, Spanje en Portugal zien een enorme toestroom van toeristen dit jaar. Griekenland en Portugal breken zelfs records. Dat is gunstig voor de Zuid-Europese economieën, die sterk afhankelijk zijn van het toerisme.
( 4
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Populaire Europese vakantielanden als Griekenland, Italië, Spanje en Portugal zien een enorme toestroom van toeristen dit jaar. Griekenland en Portugal breken zelfs records. Dat is gunstig voor de Zuid-Europese economieën, die sterk afhankelijk zijn van het toerisme.
( 4
min )
De Europese Centrale Bank (ECB) gaat er alles aan doen om de inflatie in de eurozone terug te brengen tot 2 procent. Dat heeft ECB-president Christine Lagarde vrijdag gezegd.
( 3
min )
De gasprijs zakt verder en verder. Die daling kan gunstig uitpakken voor onze energierekening.
( 3
min )
Binnenvaartschepen mogen vanaf volgend jaar niet meer varend ontgassen in zes verschillende landen, waaronder Nederland. De giftige dampen die bij ontgassen vrijkomen zijn schadelijk voor mens en milieu. Het verbod komt er na aandringen van de binnenvaart, provincies en de Tweede Kamer.
( 4
min )
Walt Disney gaat toch niet voor honderden miljoenen investeren in Florida. Het bedrijf wilde een campus bouwen voor tweeduizend werknemers, die naar de Amerikaanse staat zouden verhuizen. Maar een conflict met gouverneur Ron DeSantis gooit roet in het eten.
( 4
min )
Vijf miljoen abonnees van Netflix maken gebruik van het abonnement mét reclame. Met dat goedkopere abonnement wil de streamingdienst voorkomen dat het aantal abonnees daalt.
( 3
min )
Europa gaat het invoeren van Russische diamanten beperken. Rusland kan met de diamanten de oorlog in Oekraïne financieren. Eerdere pogingen om de diamanten te weren, stuitten op weerstand van België. Nu gaat de EU toch stappen nemen, zegt Charles Michel, voorzitter van de Europese Raad.
( 4
min )
Walt Disney gaat toch niet voor honderden miljoenen investeren in Florida. Het bedrijf wilde een campus bouwen voor tweeduizend werknemers, die naar de Amerikaanse staat zouden verhuizen. Maar een conflict met gouverneur Ron DeSantis gooit roet in het eten.
( 4
min )
De op kunstmatige intelligentie gebaseerde chatbot ChatGPT is in de Verenigde Staten uitgebracht als app voor de iPhone. Later volgt een versie voor Android-toestellen en wordt de app in andere landen uitgebracht.
( 3
min )
Hemelvaartsdag valt traditiegetrouw op een donderdag. Vaak moeten werknemers de dag na Hemelvaart verplicht vrij nemen, omdat het bedrijf die dag de deuren gesloten houdt. Veel mensen zijn blij met zo'n lang weekend, maar wat als je juist wel naar kantoor wilt?
( 4
min )
Berkshire Hathaway bought about $200 million of Occidental stock in recent days, bringing its stake to $12.7 billion
( 22
min )
The telecommunications company is broadening its network of fiber-optic cables amid a slowdown in mobile growth.
( 26
min )
Shares in chip design software company Synopsys shares ended up 8.7% after it forecast better-than-expected third-quarter profit estimates, saying increased use of AI and automation boosted its business. Nvidia shares were up 5.0%, while the Philadelphia semiconductor index gained 3.2%. Micron's shares climbed 4.1% after announcing it would invest up to 500 billion yen ($3.70 billion) in extreme ultraviolet (EUV) technology in Japan in the next few years with Japanese government support.
( 39
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Workers must "actively fight back" against efforts by companies to force them back to the office after the pandemic ushered in an era of home working, a Microsoft executive has said.
( 39
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Vintage sci-fi series The Twilight Zone told unsettling stories in which ordinary folks found themselves in outré situations and encountering exceptional circumstances. For Larry Adam, chief investment officer at Raymond James, given the “rapidly changing twists and turns we’ve seen in the global economy and the financial markets over the last few years,” it sometimes feels as if we have stepped into a modern-day iteration of the Twilight Zone. However, for those spooked by what does seem like a
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(Bloomberg) -- Applied Materials Inc., the biggest maker of semiconductor-making machinery, expects sales to decline in the current quarter, though not as sharply as analysts had feared.Most Read from BloombergSingapore Air Hands Staff Eight Months’ Salary Bonus After Record ResultsWall Street Fears $1 Trillion Aftershock From Debt DealHere’s How Much Wealth You Need to Join the Richest 1% GloballySam Zell, Billionaire Real Estate Investor, Dies at 81Supreme Court Leaves Intact Social Media Liab
( 39
min )
The alleged drunk driver who police say slammed into newlyweds riding along a South Carolina beach road now faces a wrongful death lawsuit alongside several establishments accused of overserving her on the night of the crash, which killed the bride. Four bars gave “copious amounts of alcohol” to a “visibly intoxicated” woman, identified as Jamie Lee Komoroski, last month before she drove 40 miles over the speed limit into a golf cart carrying the couple away from their wedding reception, according to a new lawsuit filed May 17. The April 28 wreck killed Samantha Miller, 34, and injured the groom, Aric Hutchinson, and two other passengers.
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Revenue came in at $6.63 billion for the quarter, above analysts’ expectations of $6.39 billion.
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The move comes as the entertainment company is cutting costs, reversing moves by its previous CEO and fighting with Florida.
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min )
The new corporate strategy aims to deliver a “pivot to growth," the drugmaker said.
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min )
(Bloomberg) -- US banks have been locked in a grueling battle for deposits they once took for granted. And one of the toughest combatants in the fight is the federal government.Most Read from BloombergDisney Drops Plan to Move Workers to Florida, Closes HotelWall Street Fears $1 Trillion Aftershock From Debt DealSingapore Air Hands Staff Eight Months’ Salary Bonus After Record ResultsNYC Skyscrapers Sit Vacant, Exposing Risk City Never PredictedHere’s How Much Wealth You Need to Join the Richest
( 39
min )
Add up the market valuation of Apple Inc., all the cryptos in the world and entrepreneur Jeff Bezos’s fortune, and you get to over $3 trillion. But one 80-year-old man has created something bigger than all three of these combined. These days, he shuns the spotlight and lives on a modest farm in rural Pennsylvania. You would never guess the farm’s owner set in motion a $5 trillion force that grows each fortnight. Don't Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This
( 40
min )
Shares of Palantir jumped 13% on Thursday, on pace to close at a fresh 52-week high.
The move comes after innovation investor Cathie Wood's Ark Investment Management disclosed a large purchase of Palantir on Wednesday.
The firm said it bought more than 900,000 shares of Palantir for its flagship
( 25
min )
Charlie Javice, who has been accused of defrauding JPMorgan Chase & Co through her now-shuttered college financial aid company Frank, has been indicted over her relationship with the bank. A four-count indictment made public on Thursday in Manhattan federal court charges Javice with securities fraud, wire fraud, bank fraud and conspiracy.
( 38
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This year did not start off great for many tech workers. After tens of thousands of layoffs in 2022, tech companies continued to shed workers in round after round of layoffs. Technology companies from Microsoft Corp. to Meta Platforms Inc. announced thousands of layoffs at the beginning of the year. Don’t Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families A report from placement services firm Challenger, Gray & Christmas
( 41
min )
Nvidia (ticker: NVDA) stock was rising following two price target lifts from analysts who are upbeat about the development of artificial intelligence tools and the subsequent
( 25
min )
Palantir Technologies Inc (NYSE: PLTR) shares are shooting upwards Thursday after Cathie Wood's Ark Invest on Wednesday added 1.26 million shares to its kitty valued at $13 million. Thursday's session volume spiked to 84.4 million versus the 100-day average volume of 39.5 million. The data intelligence software firm posted upbeat quarterly numbers on May 8, reporting first-quarter sales of $525.19 million, up by 17.7% year-on-year, which beat the consensus estimate of $505.60 million. Palantir's
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min )
Conservative commentators target the brewer for a spot hitting past depictions of women in beer marketing.
( 26
min )
A disruption of benefits would strain the budgets of many of the 66 million Americans who get Social Security.
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min )
People with health savings accounts (HSAs) got some good news this week when the IRS rolled out the largest contribution limit increases in history. In 2024, an individual with self-only coverage can save up to $4,150 in an HSA, while a … Continue reading → The post You May Be Eligible to Save Over $10K in Your HSA After Largest-Ever Contribution Limit Increase appeared first on SmartAsset Blog.
( 40
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There's nothing cheap about developing, manufacturing, delivering and investing in the future of electric vehicles (EVs). Ford Motor Co. is finding this out the hard way — just the same as many other automakers — with the company's EV unit projected to lose about $3 billion in 2023. Don’t Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families Is It A Big Deal? A lot can be said for Ford's honesty with the public, its investo
( 40
min )
Known as 'the Grave Dancer,' Zell was an unlikely media baron when he purchased the Tribune Co.
( 45
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AT&T Inc (NYSE: T) is expanding its fiber-optic cable network to deliver fast internet speeds for customers, including those without broadband presence. AT&T has tapped BlackRock, Inc (NYSE: BLK) and eyes government funding to accelerate the build-out to fund the extravagant expansion worth $42.5 billion as its debt load outstrips its annual revenue, the Wall Street Journal reports. AT&T and BlackRock have collectively invested $1.5 billion in the Gigapower venture so far. AT&T will serve as the
( 39
min )
Billionaire real estate investor Sam Zell has died at the age of 81, his real estate investment trust Equity Residential said in a statement on Thursday.
( 38
min )
A lack of resources means battery electric vehicles (BEV) cannot be the auto sector's only answer to climate change, Toyota Motor Corp's top scientist said Thursday, warning that focusing on BEVs could lead some drivers to hold onto polluting vehicles. Some investors and environmental groups have long criticised Toyota for being slow to embrace BEVs, saying it has lagged Tesla Inc and others amid growing global demand. The world's top automaker by sales has countered that BEVs are just one option and that gasoline-electric hybrids, such as its pioneering Prius, are a more realistic choice for some markets and drivers.
( 39
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Nobody likes to begin Monday morning hearing bad news, but that’s what happened this week to investors when Wolfe Research analyst Andrew Rosivach downgraded four real estate investment trusts (REITs) to kick off the new market week. Analysts carry a lot of weight, and when one or more downgrades a stock, it can cause shares to drop by several percentage points in just a few days. For example, on March 23, Barclays Investment Bank analyst Anthony Powell downgraded SL Green Realty Corp. (NYSE: SL
( 41
min )
Renewed hopes that big spinoffs will soon unlock substantial value for shareholders will probably provide a lift to the company’s stock in the near term.
( 25
min )
The chip maker is at the center of the AI feeding frenzy, which is making Wall Street bullish ahead of its earnings.
( 22
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Step, the digital banking service geared toward teens and young adults, is now offering a 5% rate on its savings accounts. There are no monthly fees and no minimum balance requirements on the Step accounts, and customers who open an FDIC-insured savings account with up to $250,000. “The direct deposit is to encourage people to utilize the full suite of Step products,” CJ MacDonald, co-founder and CEO of Step, told TechCrunch.
( 38
min )
The stubbornness of high inflation is dividing the Federal Reserve over how to manage interest rates in the coming months, leaving the outlook for the Fed's policies cloudier than at any time since it unleashed a streak of 10 straight rate hikes beginning in March 2022. Many Fed watchers have expected the central bank's officials to forgo another increase in their benchmark rate when they next meet in mid-June. On Thursday, Lorie Logan, president of the Federal Reserve Bank of Dallas, said she believes that the economic data so far doesn't support a pause in the central bank's rate hikes next month.
( 40
min )
(Bloomberg) -- Alibaba Group Holding Ltd. will begin exploring initial public offerings for its logistics and grocery arms, kicking off a long-awaited breakup that may help reverse anemic growth at China’s cloud and online commerce leader.Most Read from BloombergHere’s How Much Wealth You Need to Join the Richest 1% GloballySingapore Air Hands Staff Eight Months’ Salary Bonus After Record ResultsMercedes Sets Out to Make Sexy Vans With Yacht-Like InteriorsThe $120 Million Ghost Ship Antigua Is D
( 41
min )
Some people are destined to always be known for one significant act, and whenever the name Michael Burry comes up, it’s obligatory to mention the Big Short, the book, and subsequent movie that detailed Burry’s exploits during the 2008 financial crisis. Betting against the housing market, Burry foresaw its collapse and pocketed huge profits. With the global economy once again appearing fragile, in recent times, Burry, who runs hedge fund Scion Asset Management, has periodically waded with forecas
( 42
min )
EyePoint Pharmaceuticals Inc (NASDAQ: EYPT) has agreed to sell Yutiq (fluocinolone acetonide intravitreal implant) 0.18mg to Alimera Sciences Inc (NASDAQ: ALIM). Yutiq is a treatment for chronic non-infectious uveitis affecting the posterior segment of the eye. The FDA approved the treatment in October 2018. What Happened: Alimera will receive global rights to Yutiq outside of China, Hong Kong, Taiwan, Macau, and Southeast Asia, where Yutiq is exclusively licensed to Ocumension Therapeutics, and
( 39
min )
It is possible to retire comfortably at 45 if you have $1.5 million. However, it's not guaranteed to work. And whether it will for you depends on a number of variables, only some of which you can control. Having to … Continue reading → The post Can I Retire Comfortably With $1.5 Million at 45? appeared first on SmartAsset Blog.
( 40
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"I recognize that I’m extremely privileged, but I still feel mounting pressure when it comes to our finances," says Kelly, 29.
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min )
Shares of the financial broker have dropped 35% over the past three months.
( 22
min )
The euro continues to drift lower on Thursday, as the US dollar is getting a bit of a reprieve. Whether or not this is a simple pullback or a change of direction remains to be seen.
( 39
min )
Bond pros say fixed income is poised to outperform equities this year.
( 22
min )
Chinese e-commerce giant Alibaba said it will soon start carving out its units via IPOs, pushing forward with a plan to unlock the value of its businesses.
Alibaba in March said it plans to [split itself into six independently run companies](https://www.wsj.com/articles/alibaba-to-split-into-six-se
( 20
min )
The retail giant reports adjusted fiscal first-quarter earnings of $1.47 a share on revenue of $152.3 billion.
( 22
min )
Sales from stores and digital channels operating for at least 12 months grew 7.4% in the quarter ended April 28.
( 25
min )
China's Alibaba Group Holding Ltd said on Thursday that fourth-quarter revenue climbed 2%, missing expectations. Chinese consumer spending has gained some momentum since the country abandoned draconian zero-COVID policies late last year, but still remains relatively muted amid a wobbly economic recovery. Earlier this year, Alibaba announced plans to restructure into six units, a move that follows a two-year regulatory crackdown on China's tech sector.
( 38
min )
China's Alibaba Group Holding Ltd said on Thursday that fourth-quarter revenue climbed 2%, missing expectations. The 208.20 billion yuan ($30.12 billion) logged for the three months ended in March compares with a Refinitiv consensus estimate of 210.3 billion yuan drawn from 26 analysts. Chinese consumer spending has gained some momentum since the country abandoned draconian zero-COVID policies last year, but even so remains relatively muted amid a wobbly economic recovery.
( 38
min )
↗️ PacWest (PACW) and Western Alliance (WAL): The regional banks jumped almost 7% and 5% respectively in early trading. That built on big rallies Wednesd
( 18
min )
Brokerage firm Charles Schwab Corp said on Thursday it was looking to raise up to $2.5 billion through a debt offering. The company will raise $1.2 billion through notes due 2029 and the rest via notes due 2034, it said. BofA Securities, Citigroup, Credit Suisse, Goldman Sachs & Co LLC, J.P. Morgan and Wells Fargo Securities are the joint book-running managers for the offering.
( 38
min )
(Bloomberg) -- Micron Technology Inc. is poised to land about ¥200 billion ($1.5 billion) in financial incentives from the Japanese government to help it make next-generation memory chips in the country, according to people familiar with the matter, the latest step in Tokyo’s effort to bolster domestic semiconductor production.Most Read from BloombergHere’s How Much Wealth You Need to Join the Richest 1% GloballyMercedes Sets Out to Make Sexy Vans With Yacht-Like InteriorsThe $120 Million Ghost
( 41
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Slack water. The brief moment when the tide is neither ebbing nor flowing and there’s an eerie calm. That’s how the bond market feels at the moment. A change of direction is imminent but we’re not quite there yet. It feels like an opportunity.
( 40
min )
Walmart and Alibaba are scheduled to report quarterly earnings on Thursday, shares of Cisco tumble after orders fall at the networking giant, and Take-Two Interactive signals that a strong pipeline of videogame titles will drive growth.
( 23
min )
Bond pros say fixed income is poised to outperform equities this year.
( 22
min )
As Japan's stock market roars to multi-decade highs, large investors with long memories say they are staying out, wary of sagging momentum and the prospect the central bank will unwind its massive monetary stimulus. Riding a wave of buybacks and strong corporate earnings, and pumped up by a weak yen, the broad Topix index scaled peaks not seen since 1990 this week and the benchmark Nikkei, up more than 3% in four days, is near similar heights. Yet for many, the lofty milestones are a reminder that Japan's stocks have gone sideways for years, making many foreign asset allocators reluctant to venture into the market.
( 40
min )
Here is your Pro Recap of the biggest analyst cut you may have missed since yesterday: downgrades for Nu, Futu, Magellan Midstream, and Intercept Pharmaceuticals. Citi downgraded digital banking platform Nu (NYSE:NU) to Neutral from Buy and cut its price target to $6.10 from $7.00, as reported in real time on InvestingPro. Futu (NASDAQ:FUTU) shares fell around 2% pre-market today after the company received downgrades from JPMorgan and Morgan Stanley following the announcement that the company is removing its app from China’s onshore app stores.
( 39
min )
The U.S. chip maker’s deal with Tokyo comes at a time of rising tension between Washington and Beijing over chip technology.
( 25
min )
Icahn, who's also juggling an attack from a short seller and questions from prosecutors, is going after the CEO of the gene sequencing leader.
( 23
min )
A dozen poor countries are facing economic instability and even collapse under the weight of hundreds of billions of dollars in foreign loans, much of them from the world’s biggest and most unforgiving government lender, China. An Associated Press analysis of a dozen countries most indebted to China — including Pakistan, Kenya, Zambia, Laos and Mongolia — found paying back that debt is consuming an ever-greater amount of the tax revenue needed to keep schools open, provide electricity and pay for food and fuel.
( 56
min )
Learn about the balance of payments and how it helps countries to track how much money is coming in and going out.
( 24
min )
Inflation and interest rates are linked, but the relationship isn’t always straightforward.
( 27
min )
Financial accounting is the process of recording, summarizing, and reporting the myriad of a company’s transactions to provide an accurate picture of its financial position.
( 32
min )
Amortization is an accounting technique used to periodically lower the book value of a loan or intangible asset over a set period of time.
( 32
min )
B Corp certification is given to companies that meet certain standards for social and environmental performance by the nonprofit organization B Lab.
( 22
min )
To help you determine whether private real estate investments are right for you, we’ve highlighted some of the key benefits of these unique assets.
( 16
min )
With inflation on the rise, it's important to have the right investment strategy. Here’s why you should consider adding real estate to your portfolio.
( 16
min )
Tech stocks Intel, Cisco, Salesforce help lead Dow higher, while P&G dives on a rating cut.
( 16
min )
Investors are searching for ways to reduce the fluctuations in their portfolios and find ways to make their portfolios more resilient.
( 16
min )
As homebuying continues to grow in popularity, opportunities for real estate investing are also increasing—and many rely on a few key trends.
( 18
min )
U.S. equities rose for a second straight day on May 18, 2023 amid optimism a deal may come soon to raise the government's debt ceiling.
( 16
min )
Home equity loans generally have higher interest rates but lower closing costs and fees than mortgages, so it pays to shop around.
( 22
min )
The Conference Board's Leading Economic Index fell for the 13th consecutive month in April and pointed to a recession in 2023.
( 16
min )
Walmart's quarterly results beat analysts' forecasts, and the big retailer raised its guidance.
( 17
min )
Here are the top three things to keep in mind when considering investing in Fundrise's eREITs.
( 22
min )
While President Joe Biden’s controversial plan for broad student loan forgiveness has grabbed headlines, the administration has more quietly forgiven $66 billion for 2.2 million borrowers in specific situations.
( 18
min )
Without a proper plan and organization, making money in a business can be much harder than you think. Check out these nine tips to grow your business.
( 27
min )
Find out why these enticing options can spell trouble for your bottom line.
( 23
min )
Aclaris Therapeutics, Collegium Pharmaceutical, and Intra-Cellular Therapies lead the industry in quarterly revenue growth
( 21
min )
Sales were down 23.2% from a year earlier.
( 17
min )
A secured credit card is a type of credit card that is backed by a cash deposit, which serves as collateral should you default on payments.
( 27
min )
Take-Two Interactive (TTWO) is the best-performing stock in the S&P 500 as the video game publisher reported better-than-expected sales, and said it expects demand to soar in coming years.
( 16
min )
Rates for most mortgage types were flat to minimally up, though the 30-year averages inched up just enough to return to 7% territory for the first time in a month.
( 17
min )
Amazon.com Inc is expanding its operations in India, joining the list of tech companies betting big on one of the world's fastest-growing economies.
( 17
min )
A traveler’s check is a once-popular—but now largely outmoded—exchange medium used in place of currency, often by people traveling abroad.
( 23
min )
Despite the threat of pursuit by possibly the most feared organization in the U.S., millions of Americans fail to pay their taxes on time.
( 23
min )
Managing expectations, communication, and industry-wide complexity are some of the top challenges financial advisors face today.
( 23
min )
Learn how money market and savings accounts differ, and why a depositor may choose a money market account over a savings account.
( 22
min )
Charles Schwab will raise $2.5 billion via bond sales to fund corporate expenses and business growth as the brokerage giant deals with the fallout from recent banking turmoil.
( 16
min )
Compound interest is the interest on savings calculated on both the initial principal and the accumulated interest from previous periods.
( 28
min )
Video conferencing company Zoom is expected to say sales grew slower than ever before in the first quarter of the year, as the company struggles to find its footing after the work-from-home boom.
( 17
min )
Retail banking refers to the bank division that deals directly with consumers, while corporate banking serves business customers. Learn more about the differences.
( 24
min )
High-profile investors veered toward technology stocks and troubled banks in the first quarter while generally reducing exposure to energy and value-oriented stocks.
( 18
min )
The government has narrowly averted disaster in three previous debt ceiling standoffs, but this time may be tougher.
( 18
min )
De delen van Shell die zich richten op hernieuwbare energie, moeten meer geld opleveren, volgens bestuurders van het olie- en gasconcern. De minder succesvolle onderdelen willen ze afstoten.
( 3
min )
Rusland en Oekraïne zijn het donderdag op het nippertje eens geworden over het verlengen van de graandeal tussen beide landen. Het gaat om een verlenging van twee maanden. Wat is de graandeal ook alweer? En waarom is-ie zo belangrijk?
( 4
min )
Google, Microsoft en OpenAI buitelen over elkaar heen om te laten zien wat er mogelijk is met hun AI. Maar wat zijn de plannen van Apple op het gebied van kunstmatige intelligentie? Het bedrijf van Tim Cook lijkt zich nog niet echt in de wedstrijd te mengen.
( 4
min )
Deutsche Bank gaat 75 miljoen dollar (70 miljoen euro) betalen aan slachtoffers van Jeffrey Epstein. Een misbruikslachtoffer van de overleden Amerikaanse zakenman had de Duitse bank aangeklaagd. Die zou misbruikpraktijken mogelijk hebben gemaakt door Epstein financiële diensten te blijven leveren.
( 3
min )
Slecht nieuws voor mensen die graag boodschappen bestellen bij DekaMarkt. De supermarktketen stopt per 2 juni met het thuisbezorgen.
( 2
min )
Als het aan het kabinet ligt, gaan we via de verbranding van ons restafval grootschalig CO2 uit de lucht halen. Maar de afvalbranche heeft haar twijfels of het lukt om al in 2030 miljoenen tonnen CO2 onder de zee op te slaan.
( 8
min )
“Legendary investor Peter Lynch has a straightforward perspective on corporate insiders and their actions in the stock market. He put it simply: ‘Insiders might sell their shares for any number of reasons, but they buy them for only one reason—they think the price will rise.’ Indeed, one of the best stock signals comes from corporate insiders, the company officers who hold positions of high responsibility – to their Boards, and to their peers, and to their shareholders and customers – for bringi
( 43
min )
Microsoft CMO told staff that their best way to increase salary is to make the stock go higher, after selling $4.4 million worth of stock this month.
( 40
min )
Charles Schwab said it intends to use the net proceeds for "general corporate purposes", and did not disclose the pricing for the offering in its filing with the U.S. Securities and Exchange Commission. BofA Securities, Citigroup, Credit Suisse, Goldman Sachs & Co. LLC, J.P. Morgan and Wells Fargo Securities are the joint book-running managers for the offering.
( 38
min )
With Elon Musk outlining plans for Tesla Inc to use traditional advertising for the first time, viewers might see the electric-vehicle maker's Model Y crossover or upcoming Cybertruck pickup - maybe even the billionaire CEO himself - on TV or online. Musk revealed those plans on Tuesday at the company's annual meeting, an about-face for the celebrity executive who recently acquired social media platform Twitter. "We'll try out a little advertising and see how it goes," he told investors in Austin, Texas.
( 41
min )
The brokerage giant, under scrutiny this year, said in a filing it would use the proceeds for general corporate purposes.
( 27
min )
(Bloomberg) -- Cisco Systems Inc., the largest maker of machines that run computer networks and the internet, gave a strong sales forecast for the current quarter, indicating some customers remain committed to upgrading their corporate technology infrastructure.Most Read from BloombergHere’s How Much Wealth You Need to Join the Richest 1% GloballyMercedes Sets Out to Make Sexy Vans With Yacht-Like InteriorsJPMorgan Asset Says Markets Are Right to Bet on US Rate CutsDebt-Limit Talks to Intensify
( 39
min )
Cisco Systems Inc beat third-quarter revenue estimates on Wednesday as easing supply hurdles helped the company clear order backlogs for its networking gear. The company posted revenue of $14.57 billion in the quarter, compared with analysts' estimates of $14.39 billion, according to Refinitiv.
( 38
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(Bloomberg) -- A California mutual fund manager was sentenced to four years in prison for defrauding investors whose $106 million he said would be put in US Treasury bills and other safe assets but was instead lost in much riskier investments.Most Read from BloombergHere’s How Much Wealth You Need to Join the Richest 1% GloballyMercedes Sets Out to Make Sexy Vans With Yacht-Like InteriorsJPMorgan Asset Says Markets Are Right to Bet on US Rate CutsThe $120 Million Ghost Ship Antigua Is Desperate
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By increasing borrowing costs and reducing liquidity, interest rate hikes have the potential to cool asset bubbles. But despite the Federal Reserve’s aggressive rate hikes, billionaire investor Stanley Druckenmiller doesn’t believe the bubble has dissipated. “I’m sitting here staring in the face at the biggest and probably the broadest asset bubble — forget that I’ve ever seen, but that I’ve ever studied,” he said at the 2023 Sohn Investment Conference. “It went on for 10 or 11 years and then it
( 39
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A pair of tech stocks are seeing growth in the triple digits this year.
Meta Platforms (META) is up 102% this year, on pace for its best year since 2013, when it rose 105%, according to Dow Jones Market Data.
Nvidia (NVDA) has gained 105% so far this year, and is on pace for its best year since 20
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(Bloomberg) -- A faster-than-expected decline in the US Treasury Department’s cash balance is leading market participants to question whether the government will be able to make it until mid-June tax payments, potentially dashing hopes for a late-summer deadline. Most Read from BloombergHere’s How Much Wealth You Need to Join the Richest 1% GloballyDebt-Limit Talks to Intensify as Biden Set to Depart for JapanJPMorgan Asset Says Markets Are Right to Bet on US Rate CutsMercedes Sets Out to Make S
( 40
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(Bloomberg) -- Sanjay Shah, a hedge-fund trader accused of masterminding a massive tax fraud, lost an appeal at a Dubai court over an order to pay the Danish authorities more than 8.5 billion krone ($1.24 billion).Most Read from BloombergHere’s How Much Wealth You Need to Join the Richest 1% GloballyMercedes Sets Out to Make Sexy Vans With Yacht-Like InteriorsJPMorgan Asset Says Markets Are Right to Bet on US Rate CutsDebt-Limit Talks to Intensify as Biden Set to Depart for JapanThe Court of Cas
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The assumption among most financial prognosticators is that a recession is most likely on the way, and one prominent name agrees it’s all but inevitable. Legendary investor Paul Tudor Jones sees a recession coming and even has an idea of when it will hit. The Tudor Investment Corp founder and billionaire expects a recession will come into play this fall, mainly as a result of the surge in debt and asset prices in recent years. Such activities are usually followed by an economic downturn. “Histor
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Beyond the numbers, Alibaba earnings may hold more details on the group's plans to split itself up, as well as key trends about the Chinese consumer.
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The stocks our screen found are cheap, relative to highfliers like Eli Lilly, and many are cheap for a reason.
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Will you have to downsize in your retirement? Many families plan to adjust their lifestyles in retirement. They swap the family house, say, for a smaller home. Or they move to a less expensive community. When this is a choice, … Continue reading → The post Half of Americans Won't Be Able to Afford Their Standard of Living in Retirement: Here's What You Can Do appeared first on SmartAsset Blog.
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When entering retirement, would it be best to transfer your pension fund and 401(k) from your employer account to your own personal individual retirement account (IRA), keeping them under one roof? -Randy There are a couple of things to be … Continue reading → The post Ask an Advisor: What Should I Do With My Retirement Accounts When I Retire? appeared first on SmartAsset Blog.
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Researchers found that companies with the greatest exposure to generative AI could see higher cash flows, lower labor costs, and greater market valuations.
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Benzinga Apple Thwarts $2B In Fraud Transactions — But Third-Party App Store Debate Rages On On Tuesday, Apple announced that its App Store thwarted potential fraudulent transactions amounting to over $2 billion in 2022, alongside rejecting approximately 1.7 million app submissions for failing to meet the privacy and security standards of the app marketplace. The company underscored that it safeguarded users from almost 57,000 questionable apps from unofficial stores lacking the same inherent pr
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Wall Street seems most excited about new products and advertising coming out of Tesla's 2023 annual meeting of shareholders, held Tuesday evening in Austin, Texas.
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There's a reason that Social Security is called "the third rail of American politics" – as in, touch it and die. Most Americans – especially seniors – are fiercely protective when it comes to their retirement benefits. A financial advisor … Continue reading → The post Almost 8 in 10 People Oppose Raising the Full Retirement Age for Social Security appeared first on SmartAsset Blog.
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Verizon Communications Inc (NYSE: VZ) is pruning the cost and number of its wireless plans to simplify customers' options amid cutthroat competition. It is reducing its lineup of unlimited mobile plans from six to two. It is dropping its most expensive data plans, the Wall Street Journal reports. For four lines, Verizon's two new mobile plans, Unlimited Welcome and Unlimited Plus will be available at a monthly price of $30 a line and $45 a line, respectively. For a single line, the cost would be
( 39
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Pfizer Inc (NYSE: PFE) plans to raise $31 billion from a debt offering to finance its proposed acquisition of Seagen Inc (NASDAQ: SGEN) for $43 billion. The debt offering, which would be in eight tranches, is expected to close on May 19. Pfizer expects Seagen could contribute more than $10 billion in risk-adjusted revenues in 2030, with potential significant growth beyond 2030. Tuesday, Seagen shares came under pressure after the U.S. Federal Trade Commission announced to sue to stop Amgen Inc's
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A big reshuffling is coming to the stock market next month: Index provider FTSE Russell will be rebalancing its stock benchmarks, a move that typically ripples through trillions of dollars in investments.
Meta and Google-parent Alphabet are poised to get kicked out of the Russell 1000 Value Index,
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In Kenny Rogers’ iconic song “The Gambler,” he sang, “Every hand’s a winner and every hand’s a loser…” These words hold valuable wisdom that every investor should remember. Regardless of your chosen strategy, successful stock investing ultimately boils down to mastering the art of balancing risk and reward. There are few stock segments that offer a higher return potential for the risk involved than the penny stocks, those equities priced at $5 or less. These are stocks with a truly rock-bottom c
( 42
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Bitcoin breached $30,000 last month, marking the peak of a huge rally so far this year. But it has since corrected, with declines accelerating this week.
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Saving $1 million (or more) for retirement is a great goal to have. Putting that much aside could make it easier to live your preferred lifestyle when you retire, without having to worry about running short of money. However, not … Continue reading → The post What Percentage of Retirees Have a Million Dollars? appeared first on SmartAsset Blog.
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A lengthy nursing home stay can be expensive, and if you don't qualify for Medicaid, you may need to draw down your assets to pay for it. You may choose to leave a life insurance policy behind to help your … Continue reading → The post Can Nursing Homes Take Your Life Insurance From Your Beneficiary? appeared first on SmartAsset Blog.
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The International Monetary Fund's no. 2 official said on Wednesday she sees sizeable risks that inflation will remain high or accelerate in many emerging markets and urged central banks to keep monetary policies tight. IMF First Deputy Managing Director Gita Gopinath told a conference hosted by the Central Bank of Brazil that markets were probably "too optimistic" about what it would take to bring down inflation in emerging markets. "Despite encouraging signs, I am worried that price pressures seem entrenched in many economies and that upside inflation risks are sizeable," she said in remarks prepared for the event.
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A high rise office building in San Francisco's financial district is being sold for significantly lower than what it had been valued at a few years ago, the San Francisco Business Times reported.
( 39
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Tesla CEO Elon Musk tells shareholders the electric-vehicle company would try running some advertisements, Target's adjusted earnings top estimates, Western Alliance issues a deposits update, and Doximity's revenue forecast misses expectations.
( 23
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Pfizer's acquisition of cancer-focused biotech Seagen, announced in March, would be its biggest since 2009. The deal faces risks.
( 22
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Bitcoin breached $30,000 last month, marking the peak of a huge rally so far this year. But it has since corrected, with declines accelerating this week.
( 22
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Musk argued that professional workers were being unfair in asking to work-from-home while factory and service workers still had to work in-person.
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Electric car maker Fisker Inc is exploring collaboration with other companies to scale up market share faster, Chief Executive Henrik Fisker said on Wednesday. All three companies are still relatively small and are launching new product lines as larger rivals such as Tesla Inc, China's BYD and established global automakers are battling for sales by cutting prices. Fisker said the EV startup has 65,000 reservations for its Ocean SUV, which is being launched from a factory in Austria operated by a unit of Magna International Inc.
( 39
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(Bloomberg) -- The yuan slid past the 7 per dollar level for the first time since December as disappointing Chinese economic data this week prompted calls for more policy easing.Most Read from BloombergHere’s How Much Wealth You Need to Join the Richest 1% GloballyA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersDebt-Limit Talks to Intensify as Biden Set to Depart for JapanGoldman Banker Wins Promotion, Then Leaves for Rival Two Weeks LaterGoogle Billionaire Sergey Brin
( 40
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Western Alliance said its deposits had grown by more than $2 billion in the second quarter so far.
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(Bloomberg) -- European biotech firm Argenx SE is scheduled to release key drug trial data this summer. Deal-hungry Big Pharma is closely watching.Most Read from BloombergA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersDebt-Limit Talks to Intensify as Biden Set to Depart for JapanGoogle Billionaire Sergey Brin Gifts $600 Million in Surging SharesGoldman Banker Wins Promotion, Then Leaves for Rival Two Weeks LaterHere’s How Much Wealth You Need to Join the Richest 1% Glo
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Contrary to the myth, Americans pay quite a lot of taxes. In 2022, for instance, employees paid an average tax rate of 24.8%, or 0.2% more than in comparable countries. US federal taxes on individual income can be as high as 37%.
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(Bloomberg) -- A US recession is a virtual certainty and the Federal Reserve may lower interest rates by the third quarter as growth loses momentum, according to JPMorgan Asset Management. Most Read from BloombergA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersDebt-Limit Talks to Intensify as Biden Set to Depart for JapanHere’s How Much Wealth You Need to Join the Richest 1% GloballyGoldman Banker Wins Promotion, Then Leaves for Rival Two Weeks LaterGoogle Billionaire S
( 40
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Germany's Commerzbank said on Wednesday that net profit nearly doubled in the first quarter, a better-than-expected result helped by higher interest rates. Analysts had on average expected profit of 481 million euros, according to a consensus forecast published by Commerzbank. The bank said it sees "upside potential" in net interest income this year.
( 38
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When Cisco Systems reports financial reports after the close Wednesday, the focus is going to be not on revenue and profits, but instead on orders.
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Vietnam's electric automaker VinFast expects to break even by the end of 2024, its founder said on Wednesday. Vinfast will also launch an EV-pickup truck and a city or "mini car" as future models, Pham Nhat Vuong, chairman of conglomerate Vingroup and founder of its auto unit VinFast, told investors at the company's annual general meeting. VinFast said earlier this month that it would list in the United States via a merger with a special purpose acquisition company (SPAC) Black Spade Acquisition Co.
( 38
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RH CEO Gary Friedman has been a fan of Warren Buffett, having quoted him often during company earnings calls over the years.
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Het kabinet wil een groep ouderen van Surinaamse afkomst die onvolledige AOW ontvangen, een tegemoetkoming geven van 5.000 euro per persoon. Dat schrijft pensioenminister Carola Schouten aan de Tweede Kamer. Het gaat om een groep van ruim 30.000 mensen.
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Om het personeelstekort in het onderwijs het hoofd te bieden, proberen basisscholen leraren te verleiden om meer uren te draaien. Het idee is dat ze hier sneller toe bereid zijn als daar een financiële bonus, extra vrije dagen of een plek bij de kinderopvang tegenover staat. 200 scholen doen mee aan dit overheidsexperiment.
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Het UWV gaat met het ministerie van Sociale Zaken en Werkgelegenheid (SZW) in hoger beroep tegen de uitspraak van de rechter dat een asielzoeker meer dan 24 weken mag werken.
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Om het personeelstekort in het onderwijs het hoofd te bieden, proberen scholen leraren te verleiden om meer uren te laten draaien. Idee is dat ze hier sneller toe bereid zijn als daar een bonus, in geld, extra vrije dagen of een plek bij de kinderopvang tegenover staat. 200 scholen doen mee aan dit overheidsexperiment.
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Rusland en Oekraïne zijn akkoord over het verlengen van de graandeal tussen beide landen. Het gaat om een verlenging van twee maanden. Dat hebben de twee landen bevestigd nadat de Turkse president Recep Tayyip Erdogan het eerder op woensdag al meldde.
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Het UWV gaat met het ministerie van Sociale Zaken en Werkgelegenheid (SZW) in hoger beroep tegen de uitspraak van de rechter dat een asielzoeker meer dan 24 weken mag werken.
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Rusland en Oekraïne zijn akkoord over het verlengen van de graandeal tussen beide landen. Het gaat om een verlenging van twee maanden. Dat meldt de Turkse president Recep Tayyip Erdogan woensdag.
( 3
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De nieuwe game The Legend of Zelda: Tears of the Kingdom is in drie dagen tijd tien miljoen keer verkocht. Volgens Nintendo is het de snelst verkopende Nintendo-game ooit in zowel de Benelux als in Europa.
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Klanten van KLM die liever niet als man of vrouw aangesproken willen worden, kunnen dat voortaan aangeven bij hun boeking. Ze kunnen aangeven dat ze zich identificeren als non-binair of ervoor kiezen de aanspreekvorm helemaal weg te laten. Dan noemt de luchtvaartmaatschappij de passagiers gewoon bij hun naam.
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Rabobank verhoogt de rente op vrij opneembaar spaargeld op 1 juni van 0,75 procent naar 1 procent. Dat is de tweede verhoging in een maand tijd. Op 1 mei ging de spaarrente ook al omhoog.
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Het geld dat het kabinet gebruikt om de arbeidsmarkt te stimuleren, heeft amper effect. De subsidies moeten zorgen voor meer IT'ers en stages in de zorg, maar dat doen ze volgens de Algemene Rekenkamer niet. Daarnaast ligt bij het omscholingsbudget STAP misbruik op de loer.
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De inflatie in de gehele Europese Unie is in april voor de zesde maand op rij gezakt. Die maand bedroeg de inflatie 8,1 procent. Maar in Nederland steeg het percentage juist in april.
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Ook in de zuivelindustrie zijn acties en stakingen voorlopig van de baan. Werkgevers en vakbonden hebben een nieuwe cao gesloten voor de twaalfduizend werknemers. Zij kunnen rekenen op een loonsverhoging van 11,65 procent.
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Topman Sam Altman van het bedrijf achter chatbot ChatGPT heeft de Amerikaanse overheid opgeroepen de ontwikkeling van kunstmatige intelligentie (AI) te reguleren. De bestuurder van OpenAI is bang dat de technologiesector de wereld anders aanzienlijke schade kan toebrengen.
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In Nederland zijn elektrische auto's inmiddels bijna net zo geliefd als benzineauto's. Maar in de hele Europese Unie zijn personenwagens met een benzinemotor nog altijd het populairst.
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Tijdelijke huurcontracten op de woningmarkt moeten weer een uitzondering worden. Een meerderheid van de Tweede Kamer stemde daarom dinsdag voor nieuwe regels, die ervoor moeten zorgen dat vaste contracten de norm zijn. Wat verandert er precies en welke uitzonderingen zijn er?
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Bedrijven moeten bij een melding over seksueel grensoverschrijdend gedrag niet te snel terugvallen op extern onderzoek. Dat schrijft regeringscommissaris Mariëtte Hamer in een pilotversie van een gids over hoe organisaties moeten omgaan met dit soort situaties.
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De werkloosheid in ons land is in april licht afgenomen naar 3,4 procent van de beroepsbevolking. Dat zijn 343.000 mensen zonder baan. Onder 45-plussers is het aantal werklozen zelfs gedaald tot het laagste niveau in twintig jaar.
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Supermarkten zouden zich schuldig maken aan graaiflatie. Daarbij stijgen de prijzen onnodig harder dan de kosten. Hoe zit dat precies?
( 3
min )
A credit score is a number from 300 to 850 that rates a consumer’s creditworthiness. The higher the score, the better a borrower looks to potential lenders.
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The hospital insurance trust fund is Part A of Medicare, the United States health insurance program for those 65 and older.
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Home Depot and Boeing help lead the Dow more than 400 points higher, while Intel continued its losing streak
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A broad-based index is designed to reflect the movement of the entire market—one example of a broad-based index is the Dow Jones Industrial Average.
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The Dow, S&P 500, and Nasdaq jumped more than 1% on Wednesday, May 17, 2023 as debt limit talks advanced and regional bank shares rose.
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A bank letter of credit policy assures a company engaged in an international transaction of the creditworthiness of the buyer.
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Target's first quarter profit and revenue exceed estimates even as inflation led consumers to shift their shopping habits away from higher-priced discretionary products.
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The rehabilitation credit for historic preservation is a federal tax credit designed to encourage historical property preservation in the U.S.
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Over half of Gen Z and millennial respondents surveyed by Deloitte say they live paycheck to paycheck, and expect that the economy will stay the same or worsen over the next year.
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Pfizer's $31 billion bond sale ranks among the largest ever, but it's still only half the size, adjusted for inflation, of Verizon's mammoth 2013 deal.
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Asking these 10 questions can help you to have a successful relationship with your financial advisor. It's important to understand what your advisor does and how they do it.
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A look-alike contracts is a derivative of a futures contract.
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OpenAI adds a web browser for paid ChatGPT users and plugins that expand access to commercial services.
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The Albanian lek is the national currency of the Republic of Albania.
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The March inflation rate was 5%. That's lower than the top interest rates on CDs. The best-paying CDs could beat or at least mitigate the effects of inflation on your savings.
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Credit card rental car insurance is coverage to pay for damage to a rental car you rent with the card. Here’s how it works and which cards offer primary coverage.
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Tether, the issuer of the USDT stablecoin, said it will allocate 15% of its profit to regularly purchase Bitcoin to diversify reserves backing USDT.
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Residential mortgage-backed securities are created from residential debt such as mortgages, home-equity loans & subprime mortgages.
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Ripple said it bought Swiss crypto custodian Metaco as crypto firms diversify outside the U.S.
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Lenders use different versions and types of FICO scores depending on the type of credit you're seeking and other issues.
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Fannie Mae expands the liquidity of the mortgage market and helps low- to moderate-income borrowers obtain financing for a home.
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In a survey published this week, the majority of tax prep software users said they would switch over to an IRS-run option, if one were made available.
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Walmart, America’s biggest retailer by revenue, is expected to report a rebound in earnings on solid growth in same-store sales, as cash-strapped consumers spend more on necessities.
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The 30-year mortgage average inched up to almost the 7% threshold once again, with most other loan averages also moving slightly to moderately higher.
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A conforming loan is a home mortgage with underlying terms and conditions that meet the funding criteria of Fannie Mae and Freddie Mac.
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A nonconforming mortgage is a home loan that cannot be sold by a bank to Fannie Mae or Freddie Mac, usually because it is too large.
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A mortgage application is submitted to a lender when you apply for a loan and includes information that determines whether the loan will be approved.
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Housing starts ticked up slightly in April, a sign that demand is growing for newly-built homes in a low-inventory market.
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A reverse mortgage lawyer can help with untangling reverse mortgage issues. Learn how to find a reputable reverse mortgage attorney.
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If you are buying or selling a home, you must understand all the processes involved in the escrow. Here is everything you will need to know about the escrow process.
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Here is how much each U.S. president contributed to the U.S. national debt, both by percentage and in dollar amounts.
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When you get a mortgage, you need to understand the structure of your payments, so you know how expensive the whole thing will ultimately be.
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A unit linked insurance plan (ULIP) is an investment product that provides insurance payout benefits.
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Learn more about the insurance sector, a historically safe place for equity investors and the home of some of the largest financial firms in the world.
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The top reasons why advisors should become registered investment advisors.
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(Bloomberg) -- More than three years after China’s grand financial opening, it’s becoming clear to Wall Street giants that their dreams of windfall profits from the $60 trillion market are more elusive than ever.Most Read from BloombergA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersDebt-Limit Talks to Intensify as Biden Set to Depart for JapanHere’s How Much Wealth You Need to Join the Richest 1% GloballyGoldman Banker Wins Promotion, Then Leaves for Rival Two Weeks La
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When the legendary investor Warren Buffet makes a move, Wall Street pays attention. Known as the ‘Oracle of Omaha’ and the mastermind behind Berkshire Hathaway, now 92 years old, Buffett has amassed a fortune of over $100 billion throughout his career. Buffett’s preferred investing style has always been value investing, which entails identifying undervalued stocks with strong fundamentals. So, it’s definitely worth nosing through Buffett’s Berkshire Hathaway portfolio to see which stocks he rece
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Greg Becker acknowledged that regulators had pointed out flaws in SVB's balance sheet, but said that he was in the process of working with regulators when the bank run occurred.
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The stock has dived 23% since the company reported first-quarter earnings on May 1.
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Famed short seller Jim Chanos scoffed at remarks made by Silicon Valley Bank's ex-CEO that a sharp policy shift by the Fed had brought the bank down.
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Former Tesla tech chief JB Straubel wins a seat on the auto maker’s board.
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(Bloomberg) -- The Federal Deposit Insurance Corp. will sell New York Community Bancorp Inc. shares it acquired as part of the lender’s purchase of Signature Bank from the regulator in March.Most Read from BloombergA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersDebt-Limit Talks to Intensify as Biden Set to Depart for JapanGoogle Billionaire Sergey Brin Gifts $600 Million in Surging SharesGoldman Banker Wins Promotion, Then Leaves for Rival Two Weeks LaterHere’s How Muc
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The IRS announced the largest ever increase to the amount Americans can set aside in HSAs each year.
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A group of companies including General Electric Co, Ikea Supply AG and Home Depot Inc on Tuesday defeated a request by the University of California for a U.S. appeals court to block imports of light bulbs that allegedly infringe its patents. The U.S. Court of Appeals for the Federal Circuit affirmed the U.S. International Trade Commission's decision that the companies' light bulbs did not include a key element of the university's patented technology. Home Depot declined to comment.
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(Bloomberg) -- The patent that’s given Vanguard Group an edge over competitors for the past 20 years — and helped its clients pull in more than $100 billion worth of additional investment gains — expired today. Most Read from BloombergA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersGoogle Billionaire Sergey Brin Gifts $600 Million in Surging SharesChicago’s Empty Office Towers Threaten Its Future as a Major Financial HubSingapore Airlines Posts Highest Profit in 76-Year
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Workers who have used remote work's flexibility to 'overemploy' themselves are turning to AI for even more side-hustles.
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At least 50% of Americans had confidence in the housing market for nearly 50 years, but that all changed the last two years.
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(Bloomberg) -- Pfizer Inc. is in the US high-grade bond market with a jumbo offering that’s lining up to be one of the largest ever sold. Most Read from BloombergA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersGoogle Billionaire Sergey Brin Gifts $600 Million in Surging SharesChicago’s Empty Office Towers Threaten Its Future as a Major Financial HubSingapore Airlines Posts Highest Profit in 76-Year HistoryTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffThe
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The net worth of Shunsaku Sagami, the founder, and CEO of M&A Research Institute Holdings, touched $950 million on Tuesday.
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Most national average rates climbed in April, but signs of a pullback are appearing and Federal Reserve actions indicate rates may flatten or decline in coming months.
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The stock has dived 23% since the company reported first-quarter earnings on May 1.
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The chip maker currently has a market cap of $722 billion, outpacing Berkshire's $709 billion.
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Business magnate Warren Buffett is widely regarded as one of the greatest investors of the modern-day world. His seemingly unmatched and consistent value-investing strategies have earned him the title of Oracle of Omaha. Don't Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families Many of his investing strategies are known, but there is one that is often overlooked yet incredibly important. It’s a lot more prevalent in the s
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Dan Loeb and Bill Ackman just disclosed new positions in Google-parent Alphabet.
( 22
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“US stocks are declining after Home Depot delivered a downbeat outlook for the retail consumer and Speaker McCarthy said debt ceiling negotiations have had no progress,” wrote Edward Moya, senior market analyst at OANDA.
“Wall Street is bracing for something bad to happen, but no one has an idea on
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The Nasdaq Composite ticked 0.2% higher midday Tuesday, while the Dow and S&P 500 stayed in the red.
Several tech stocks were bolstering that lift, including Advanced Micro Devices (ticker: AMD), up 4.6%, Alphabet (GOOGL, GOOG), gaining 2.8% and 2.6%, respectively, Amazon.com
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Silicon Valley Bank's former CEO is getting pushback from lawmakers about his explanation for why the bank failed in March.
Here's what Senate Banking Committee Chairman Sherrod Brown (D., Ohio) said to Greg Becker:
"Mr. Becker, [your version of events](https://www.banking.senate.gov/imo/media/d
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Investor Warren Buffett's company bought another $127 million worth of Occidental Petroleum stock over the past week to give Berkshire Hathaway 213.9 million shares of the oil producer. Berkshire's latest filing with the Securities and Exchange Commission late Monday showed that it had bought another 2.2 million Occidental shares. Buffett's Omaha, Nebraska-based conglomerate controls 23.8% of Occidental's stock and holds warrants to buy another 83.9 million shares for $59.62 apiece, but the billionaire recently told shareholders that he has no plans to buy the entire company.
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(Bloomberg) -- Stiff global competition for sour crude oil is threatening to complicate the Biden administration’s plan to buy up to 3 million barrels to refill the depleted US Strategic Petroleum Reserve.Most Read from BloombergA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersChicago’s Empty Office Towers Threaten Its Future as a Major Financial HubTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffGoogle Billionaire Sergey Brin Gifts $600 Million in Surging S
( 38
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The wireless carrier’s new consumer boss is looking to reduce the “paradox of choice” and curb subscriber losses.
( 25
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The FTC is preparing to seek an injunction in federal court that would prevent the deal from closing.
( 26
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(Bloomberg) -- Alphabet Inc. is back in the game. The artificial intelligence game, that is.Most Read from BloombergMichael Burry Doubles Alibaba Stake in Big Bet on China TechA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Set for Runoff as Erdogan Falls Just Short of VictoryChicago’s Empty Office Towers Threaten Its Future as a Major Financial HubShares in the Google-owner had lagged behind other mega
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The Justice Department plans on Tuesday to announce the first enforcement actions from its "disruptive technology" strike force, the U.S. Attorney's Office in Manhattan said on Twitter. Deputy Attorney General Lisa Monaco said in February that the new task force was a joint effort between her department and the U.S. Commerce Department, to safeguard American technology from foreign adversaries and other national security threats.
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Tesla's 2023 annual meeting of shareholders starts Tuesday at 4 p.m. Eastern time. Investors can watch it on the web.
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With the macro backdrop currently a combination of debt ceiling negotiations, data pointing to cooling economic activity amidst expectations of a recession, investors could benefit from a guiding hand to block out the background noise and point toward the equities primed to gain from here. One way to keep ahead of the game is by riding the coattails of Wall Street investing legends. Ones such as Steve Cohen. Using a high-risk/high-reward strategy, the billionaire Chairman and CEO of global asset
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A second-to-die policy is designed for couples who want to share a life insurance policy with specific beneficiaries, such as children and grandchildren. The life insurance company will only make a payout to the beneficiaries after the last survivor passes … Continue reading → The post Second-to-Die Insurance Policy Definition appeared first on SmartAsset Blog.
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Most Americans have less in their retirement accounts than they'd like, and much less than the rules say they should have. So, obviously, if that describes you then you're not alone. Now, most financial advisors recommend that you have between five … Continue reading → The post How Much Should I Have in My 401(k) at 50? appeared first on SmartAsset Blog.
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An annuity can be an appealing option to build your retirement nest egg. Adding guaranteed retirement income to your retirement can give you financial stability. But the exact amount that you'll get from an annuity each month will vary. Let's … Continue reading → The post How Much Does a $200,000 Annuity Pay Per Month? appeared first on SmartAsset Blog.
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Depending on your age, if your income is below a certain threshold, you may not have to pay taxes. Here's what you need to know.
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Baidu's first-quarter earnings and revenue beat analysts' expectations, as advertising growth was ahead of Wall Street forecasts.
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People with units of the pipeline operator will be fully taxed on the entire cash-and-stock deal, so much of their gains will go to Uncle Sam.
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Tesla's 2023 annual meeting of shareholders starts Tuesday at 4 p.m. Eastern time. Investors can watch it on the web.
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Amgen reached an agreement to buy Horizon for $27.8 billion in December last year, and at the time said it expected the deal to be completed in the first half of 2023.
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min )
Short seller Michael Burry is playing the long game in China’s tech sector.
( 39
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Home Depot shares slump after the home-improvement giant cuts fiscal-year guidance, Baidu's profit tops estimates, and Berkshire Hathaway initiates a position in Capital One Financial.
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min )
Jill Woodworth’s first role as a finance chief was at Peloton.
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Ex-Silicon Valley and Signature Bank execs face Senate panel, Wells Fargo to pay $1 billion to settle lawsuit, Federal Reserve officials see rates remaining high in 2023, and other news to start your day.
( 23
min )
The home-improvement retailer cuts its fiscal-year sales and earnings guidance, citing weather, softening demand, and other factors.
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Baidu's first-quarter earnings and revenue beat analysts' expectations, as it focuses on artificial-intelligence technology.
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min )
The online brokerages earlier agreed to stop accepting new customers from mainland China.
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(Bloomberg) -- Analysts are upgrading Swedish real estate stocks after recent selloffs have made them too cheap to ignore and as recent measures to shore up highly-leveraged balance sheets have improved some of their outlooks.Most Read from BloombergMichael Burry Doubles Alibaba Stake in Big Bet on China TechA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Set for Runoff as Erdogan Falls Just Short of Vi
( 39
min )
(Bloomberg) -- Baidu Inc.’s revenue rose a stronger-than-expected 10% after its advertising and cloud businesses benefited from China’s post-pandemic reopening.Most Read from BloombergMichael Burry Doubles Alibaba Stake in Big Bet on China TechA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Set for Runoff as Erdogan Falls Just Short of VictoryChicago’s Empty Office Towers Threaten Its Future as a Major
( 40
min )
The outlook highlights widening divide between booming demand in the developing world and lackluster requirements in Europe and North America, the International Energy Agency said.
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min )
Vodafone plans to axe 11,000 jobs after new chief executive Margherita Della Valle admitted the struggling telecoms giant's performance was "not good enough".
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↗️ Capital One (COF): The bank’s stock surged over 5% in premarket trading on the news that [Warren Buffett’s Berkshire Hathaway opened a new position](https://www.wsj.com/articles/berkshire-hathaway-opens-new-position-in-capital-one-exits-bny-me
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Executing a successful pivot away from the U.S. would be a tall order for the crypto exchange, Berenberg said.
( 39
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Shareholders claimed the bank and its past leadership were moving slower to address regulatory issues than they acknowledged publicly.
( 27
min )
(Bloomberg) -- Michael Burry, the money manager made famous in The Big Short, now has a Big Long when it comes to China. He boosted his bullish bets on e-commerce giants JD.com Inc. and Alibaba Group Holding Ltd. big time, even as other hedge funds cooled on the nation’s reopening trades. Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Set for Runoff as Erdogan Falls Just Short of VictoryS&P ETF Barely Budges on Yellen’s Late-Day Notice: Markets WrapCh
( 40
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The conglomerate led by Warren Buffett bought about $130 million of Occidental stock in recent days.
( 23
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(Bloomberg) -- Elon Musk was issued a subpoena by the US Virgin Islands in its lawsuit accusing JPMorgan Chase & Co. of knowingly benefiting from Jeffrey Epstein’s sex-trafficking.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Set for Runoff as Erdogan Falls Just Short of VictoryS&P ETF Barely Budges on Yellen’s Late-Day Notice: Markets WrapChicago’s Empty Office Towers Threaten Its Future as a Major Financial HubMicrosoft’s $69 Billion Activision Dea
( 39
min )
"The Big Short" investor Michael Burry bought First Republic, PacWest, and other bank stocks last quarter, likely capitalizing on a brutal sell-off.
( 40
min )
Oil prices rose for a second day early on Tuesday, as U.S. plans to purchase oil for the Strategic Petroleum Reserve (SPR) lent support while raging wildfires in Canada fuelled supply worries. The U.S. Department of Energy said on Monday it would buy 3 million barrels of crude oil for the SPR for delivery in August, and asked that offers be submitted by May 31. Oil prices on Tuesday, however, drew support from supply worries stemming from wildfires in Canada.
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(Bloomberg) -- Michael Burry, the money manager made famous in The Big Short, now has a Big Long when it comes to China. He boosted his bullish bets on e-commerce giants JD.com Inc. and Alibaba Group Holding Ltd. big time, even as other hedge funds cooled on the nation’s reopening trades. Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Set for Runoff as Erdogan Falls Just Short of VictoryS&P ETF Barely Budges on Yellen’s Late-Day Notice: Markets WrapMi
( 40
min )
In de eerste drie maanden van dit jaar zijn 12.800 vergunningen afgegeven voor nieuwbouw. Dat is 28 procent minder dan een jaar eerder en is het kleinste aantal sinds het tweede kwartaal van 2016.
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De Nederlandse economie is in het eerste kwartaal van dit jaar sterk gekrompen. De dip van maar liefst 0,7 procent is redelijk uitzonderlijk. De laatste keer dat onze economie in zo'n neergang terechtkwam, was tijdens de financiële crisis in 2012. Maar is dat reden voor paniek?
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De Nederlandse economie is in het eerste kwartaal van dit jaar sterk gekrompen. De dip van maar liefst 0,7 procent is redelijk uitzonderlijk. De laatste keer dat onze economie in zo'n neergang terechtkwam, was tijdens de financiële crisis in 2012. Maar is dat reden voor paniek?
( 5
min )
De Nederlandse economie is in het eerste kwartaal van dit jaar sterk gekrompen. De dip van maar liefst 0,7 procent is redelijk uitzonderlijk. De laatste keer dat onze economie in zo'n neergang terechtkwam, was tijdens de financiële crisis in 2012. Maar is dat reden voor paniek?
( 5
min )
Er was al een cao-loonsverhoging van twee keer 2 procent voor personeel in geestelijke gezondheidszorgcentra, maar nu krijgen ze er nog eens een inflatiecompensatie bij. Volgens vakbond FNV komt er nog eens 10 procent extra loon bij.
( 3
min )
Wie een woning of kamer verhuurt aan studenten mag straks geen kortlopend contract meer aanbieden van bijvoorbeeld een of twee jaar. Zulke contracten blijven wel mogelijk voor bijvoorbeeld buitenlandse studenten die een jaar in Nederland komen studeren.
( 3
min )
Het personeelstekort blijft groot, zelfs nu het economisch minder gaat. Zijn er echt te weinig mensen beschikbaar? En waar moeten we dan extra handen vandaan halen? Vijf vragen over de aanhoudende krapte op de arbeidsmarkt.
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min )
De omstreden multimiljonair Gerard Sanderink, die is geschorst als topman van Strukton en Centric, moet miljoenen aan dwangsommen betalen aan zijn ex-vriendin. Sanderink beschuldigt haar al jaren van fraude en diefstal, zonder bewijs daarvoor te leveren. Daarom moet hij haar nu in totaal 4,6 miljoen euro betalen.
( 4
min )
De overheid wil alle aandelen van de eigenaren van de kerncentrale in Dodewaard overnemen. Dat heeft het kabinet laten weten aan de Tweede Kamer. De centrale ligt al sinds 1997 stil.
( 3
min )
De Nederlandse economie is in de eerste drie maanden van dit jaar met 0,7 procent gekrompen ten opzichte van het kwartaal daarvoor. Daarmee doen we het slechter dan onze buurlanden, waar de economie groeit of op hetzelfde niveau blijft. In de laatste drie maanden van vorig jaar was er nog sprake van een groei van 0,4 procent.
( 5
min )
Berichtendienst WhatsApp komt met een update waarmee je berichtjes van je geheime liefde of chats met pikante foto's kunt beveiligen. Die gesprekken kunnen alleen ontgrendeld worden met een wachtwoord, gezichtsherkenning of een vingerafdruk.
( 3
min )
Chemiebedrijf 3M moet omwonenden van de vestiging in het Belgische Zwijndrecht een schadevergoeding van 2.000 euro betalen. Leden van een gezin bleken te veel vervuilende PFAS in hun bloed te hebben en volgens de rechter is dat de schuld van de fabriek.
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min )
Het overgrote deel van de slaapapneuapparaten die Philips wereldwijd heeft teruggeroepen, is wel degelijk veilig. Dat concludeert het concern op basis van uitgebreid onderzoek.
( 3
min )
Veel bedrijven in de maaltijd- en flitsbezorging hebben hun zaken niet op orde. Het personeel wordt onderbetaald en er lopen bezorgers rond die te jong zijn om het werk te mogen doen. Ook is de werksituatie vaak onveilig, concludeerde de Arbeidsinspectie tijdens een grote controle bij deze bedrijven.
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min )
Veel bedrijven staan te springen om nieuw personeel. Het aantal openstaande vacatures blijft enorm en dat betekent dat de krapte op de arbeidsmarkt nog steeds erg groot is. Vooral in de handel, zakelijke dienstverlening en de zorg zijn veel mensen nodig.
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Veel bedrijven staan te springen om nieuw personeel. Het aantal openstaande vacatures blijft groot en dat betekent dat de krapte op de arbeidsmarkt nog steeds erg groot is. Vooral in de handel, zakelijke dienstverlening en de zorg zijn veel mensen nodig.
( 3
min )
The Dow Jones Industrial Average fell 1%, or 336 points, on a day of disappointing earnings and macroeconomic reports. Nike lost the most, while Microsoft led a small pack of gainers.
( 17
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You can borrow up to 85% of the equity you own via a home equity loan. In this guide, we'll show you how to calculate your maximum amount.
( 22
min )
Wells Fargo agreed to pay shareholders $1 billion in damages to settle a class-action lawsuit filed against it, stemming from a fake accounts scandal that surfaced in 2016.
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min )
Keeping new clients engaged is a challenge for financial advisors. Here are some ways to get clients to open up about their financial goals.
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Just 21% of Americans polled by Gallup think now is a good time to purchase a home, an all-time low.
( 17
min )
Two polls find a majority of women say they aren't financially secure, and they worry about saving for retirement.
( 17
min )
The American Recovery and Reinvestment Act of 2009 (ARRA) was a law passed by the U.S. Congress in response to the Great Recession of 2008.
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min )
A home mortgage is a loan given by a bank, mortgage company, or other financial institution for the purchase of a primary or investment residence.
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The debt avalanche method pays off the high-interest debt first, and the debt snowball method focuses on paying off the smallest debt first. Learn about other differences.
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min )
Home Depot shares fell Tuesday morning after the largest U.S. home improvement retailer had its biggest quarterly sales miss in more than two decades, and cut its full-year guidance. The company has been impacted by a slowdown in demand following the boom in home renovation during the COVID-19 lockdowns.
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min )
European Union member states provided the final stamp of approval for continental rules governing cryptocurrencies, known as Markets in Crypto-Assets.
( 17
min )
Home Depot shares are down after the largest U.S. home improvement retailer had its biggest quarterly sales miss in more than two decades, and cut its full-year guidance. The company has been impacted by a slowdown in demand following the boom in home renovation during the COVID-19 lockdowns.
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Who’s to blame for the banking crisis? Maybe an easier question to answer is: who isn’t?
( 18
min )
An online checking account can save you time and money, but understand the drawbacks before signing up to make the switch.
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ChatGPT executive Sam Altman told Congress Tuesday that licensing could be a way to help ensure that more power artificial intelligence models adhere to safety rules.
( 17
min )
The Federal Trade Commission is suing to block Amgen Inc.'s $28 billion acquisition of Horizon Therapeutics to prevent a monopoly in the market for d.rugs that treat critical ailments
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min )
Capital One savings account interest rates are higher than average, and the bank doesn’t charge monthly maintenance fees or have a minimum deposit requirement.
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A nonqualified variable annuity allows you to defer taxes on your investment gains but doesn’t entitle you to a tax deduction as a qualified plan does.
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Most national average rates climbed in April, but signs of a pullback are appearing and Federal Reserve actions indicate rates may flatten or decline in coming months.
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Though refinancing a mortgage and taking out a home equity loan each offers a source of cash for homeowners, the similarities stop there.
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Rates rose for every mortgage type, with double-digit increases in every average. Rates on 30-year loans are again near 7%, and jumbo 30-year rates are at a 12-year high.
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min )
Builder confidence for single-family homes rose five points, the fifth straight monthly increase.
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Alibaba, China's most valuable retailer, is likely to report a boost in earnings per share but slow revenue growth as China's economy stumbles out of pandemic restrictions.
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min )
A Certified Senior Consultant was someone certified in key issues facing seniors, including government benefits, income streams, and long-term care.
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The Temporary Liquidity Guarantee Program (TLGP) was created in 2008 to stabilize the U.S. banking system during the global financial crisis.
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A failed break occurs when a price moves through an identified level of support or resistance but does not have enough momentum to maintain its direction.
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Consumers continued to make trade-offs in their April budgets but didn't stop spending, as retail sales rose 0.4% in April after two months of declines.
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Refinancing is a great way for many homeowners to improve their financial situation, but you need to be aware of the downsides.
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A subprime mortgage is normally issued to borrowers with lower credit ratings. It typically carries a higher interest rate that can increase over time.
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A HELOC can be worthwhile to fund home improvements, but when used to pay for other things, it can result in bad debt.
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Many banks and mortgage companies offer conventional and FHA home loans to non-U.S. citizens, if they meet specific requirements.
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A refinance occurs when a business or person revises the interest rate, payment schedule, and terms of a previous credit agreement.
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Pre-qualified and pre-approved sound the same, but mean very different things for homebuyers—and carry very different weights with home sellers.
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Understand how rate changes can affect home prices and learn how you can keep up.
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Judd and Laura Zebersky joined Warren Buffett's empire after Berkshire Hathaway acquired their parent company last October.
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Delaware’s Supreme Court on Monday overturned a judge’s ruling upholding a decision by state officials to prohibit electric vehicle maker Tesla from selling its cars directly to customers. In a ruling last year, a Superior Court judge determined that Delaware's Motor Vehicle Franchising Practices Act prohibited Tesla, as a manufacturer, from selling its electric cars directly to customers in Delaware. The Supreme Court reversed that decision and sent the case back to Superior Court, noting that the franchise act was enacted to address the disparity in bargaining power that permitted automobile manufacturers to exert economic pressure over their franchises.
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(Bloomberg) -- Google co-founder Sergey Brin gifted Alphabet Inc. shares worth roughly $600 million on Thursday during a week that saw his wealth grow by the most in over two years.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Set for Runoff as Erdogan Falls Just Short of VictoryS&P ETF Barely Budges on Yellen’s Late-Day Notice: Markets WrapMicrosoft’s $69 Billion Activision Deal Wins EU ApprovalRemote Work Comes With Daytime Drug and Drinking Habits
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min )
Electric vehicles (EVs) have been dominating headlines due to the convergence of social, cultural, and political forces driving a shift from conventional combustion-powered cars to zero-emission vehicles. This shift has sparked a surge in government programs and spending designed to quickly expand the infrastructure needed to support a growing fleet of EVs. In return, we are also seeing enormous growth in EV manufacturers. The infrastructure support is substantial. Cantor senior analyst Andres S
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(Bloomberg) -- Billionaire investing titans Stanley Druckenmiller and David Tepper loaded up on stocks benefiting from the artificial intelligence boom during the first quarter. Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Set for Runoff as Erdogan Falls Just Short of VictoryS&P ETF Barely Budges on Yellen’s Late-Day Notice: Markets WrapRemote Work Comes With Daytime Drug and Drinking HabitsMicrosoft’s $69 Billion Activision Deal Wins EU ApprovalDru
( 40
min )
The U.S. Virgin islands subpoenaed Tesla Inc CEO Elon Musk in its litigation into the role played by JPMorgan Chase & Co in the activity of sex offender Jeffrey Epstein, according to a Monday court filing.
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min )
Berkshire Hathaway's 13F is out.
Warren Buffett's company trimmed its stakes in Chevron, McKesson, Activision Blizzard, General Motors, AON, Ally Financial, Amazon.com and Celanese in the first quarter, the filing showed.
Berkshire also eliminated its positions in RH, the home-furnishings compa
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min )
People with units of the pipeline operator will be fully taxed on the entire cash-and-stock deal, so much of their gains will go to Uncle Sam.
( 22
min )
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Natural gas pipeline operator ONEOK agreed to buy Magellan Midstream Partners, L.P. for $18.8 billion.
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(Bloomberg) -- Icahn Enterprise LP’s disclosure of a May 3 inquiry from federal prosecutors in New York sent the company’s shares reeling, but it’s far from the first time Carl Icahn has faced a government probe.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Set for Runoff as Erdogan Falls Just Short of VictoryRemote Work Comes With Daytime Drug and Drinking HabitsChina Jails 78-Year-Old American for Life on Spying ChargesStocks See Small Moves in Run
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You’ve probably heard the old market adage to “Sell in May and go away.” Instead, how about using this time to start considering dividend-paying ETFs? There’s no time like the present to start building a dividend portfolio that can set you up with years of passive income. Here are two big dividend ETFs that both yield over 11% that you can consider using to jumpstart your dividend portfolio. Even better, while some high-yield ETFs lure investors in with eye-popping yields but then end up providi
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min )
Tesla Chief Executive Elon Musk has said that the company can make no new hires unless he personally approves them, including contractors, the Information reported on Monday, citing an email to staff. According to the report, Musk told executives to send him a list of hiring requests on a weekly basis, while also cautioning them to "think carefully" before submitting such requests. Tesla did not immediately respond to a Reuters request for comment.
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min )
(Bloomberg) -- Famed short-seller Michael Burry took big stakes in regional banks during the first quarter, including the failed lender First Republic before it was bought up by JPMorgan Chase & Co. Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Set for Runoff as Erdogan Falls Just Short of VictoryRemote Work Comes With Daytime Drug and Drinking HabitsChina Jails 78-Year-Old American for Life on Spying ChargesHis hedge fund, Scion Asset Management, sn
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min )
Follow Buffett’s lead to build a portfolio of dividend-paying stocks.
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min )
The debt ceiling is plainly unconstitutional and a nuclear weapon in the hands of willful children. It's time to ignore it.
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The chief executive disclosed on Tuesday about $220,000 of SoFi stock purchases made by his wife Kristin Noto from August 2021 through this May.
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min )
Chief Strategy Officer and Executive Vice President Rima Qureshi will assume responsibility for Verizon’s marketing team on an interim basis.
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Elon Musk and Warren Buffett are talented in their own right. One is a serial entrepreneur who co-founded Tesla Inc., revolutionized the electric car industry and is sending rockets into space. The other is an investing legend who has helped Berkshire Hathaway Inc. shareholders generate extraordinary returns for decades. At Berkshire’s latest annual shareholders meeting, Buffett spoke highly of the Tesla CEO. “Elon is a brilliant, brilliant guy,” Buffett said. “He dreams about things, and his dr
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Most of Western Digital flash-memory chips are produced by the company's joint venture with Japan-based Kioxia.
( 23
min )
Michael Vale's termination went into effect May 12, according to a statement released from the company.
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WASHINGTON (AP) — 3M has fired prominent company executive Michael Vale due to “inappropriate personal conduct and violation of company policy,” the maker of Post-it notes, industrial coatings and ceramics announced on Monday. Vale was promoted to group president and chief business and country officer just last month. Vale worked at 3M for more than 30 years, according to an April 25 press release announcing his promotion, which said he would report to Chairman and CEO Mike Roman.
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Despite the signoff from European regulators, Microsoft still faces objections from the U.S. and U.K.
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min )
The Warren Buffett-led company might have been a seller of Bank of New York and U.S. Bancorp in the first quarter.
( 23
min )
Traders are skeptical of pipeline operator Oneok's roughly $14 billion deal to buy smaller rival Magellan and create the second-largest U.S.-based midstream company by stock-market value.
Why that might be: The
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min )
Stand-alone dental insurance often has limits of $1,000 to $2,000 worth of coverage a year, meaning patients still end up paying for most of the costs on expensive procedures.
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The broker's shares were upgraded to Outperform from Market Perform at Raymond James.
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min )
Automaker Stellantis has stopped all construction at a more-than C$5 billion ($3.74 billion) electric vehicles battery manufacturing plan in Windsor, Canada over a disagreement with the federal government about subsidies, a spokesperson for the company said on Monday.
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The takeover would cement Newmont’s position as the world’s largest producer of gold, while also increasing its exposure to copper, a metal key to the global transition to cleaner energy.
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min )
The financial services company could be “nearing a tipping point” on the fee income it recognizes from loan applications and sales, warning the fee income could decline significantly, Wedbush analysts said.
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min )
The average American spends 13 hours and $250 each year to file their taxes, the IRS says.
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min )
The broker's shares were upgraded to Outperform from Market Perform at Raymond James.
( 22
min )
The artificial-intelligence software provider forecast higher revenue and a lower operating loss in its fourth quarter than previously guided.
( 22
min )
Cathie Wood has built a reputation as one willing to bet on disruptive tech and potential game-changing stocks. It’s a strategy the ARK Invest CEO has stuck to whether her choices have easily outperformed the market – as was the case during the pandemic – or badly trailed it – as happened last year. So far, this year, Wood’s flagship fund, the ARK Innovation ETF, has done rather well, showing year-to-date gains of a market-beating 24% although the ETF still remains some distance off the highs no
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min )
Kioxia Holdings Corp and Western Digital Corp (NASDAQ: WDC) accelerated merger talks have progressed towards a deal as plunging market demand and oversupply of chips weighed on the companies. Kioxia would have a 43% stake and Western Digital a 37% ownership under the deal, Reuters cites familiar sources. Combining their flash memory businesses could boost competitiveness against rivals like South Korea's Samsung Electronics Co, Ltd (OTC: SSNLF). The planned merger will also likely draw anti-trus
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min )
Is it worth paying a financial advisor to manage retirement funds if you are confident in your own financial investment strategies? I feel like I have a solid understanding of long-term investment strategies. And as such, I feel the roughly … Continue reading → The post Ask an Advisor: I Have a ‘Solid Understanding' of Investment Strategies. So Why Should I Pay 1% to a Financial Advisor? appeared first on SmartAsset Blog.
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The merger diversifies Oneok's operations from primarily natural gas into oil and refined products.
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min )
Most people's income comes as the direct result of work - you get a job, show up, hopefully perform decently well and then money shows up in your bank account. Some people, though, look to set up streams of passive … Continue reading → The post Passive Income: How Is It Taxed? appeared first on SmartAsset Blog.
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I am 81 years old. I have a home mortgage balance of $118,300. I also have a $110,000 rollover individual retirement account (IRA) invested with a bank. Should I withdraw the money from my investment and put the money to … Continue reading → The post Ask an Advisor: I'm 81, Have a $118K Mortgage and a $110K IRA. Should I Withdraw From My Investments to Pay off My Mortgage? appeared first on SmartAsset Blog.
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Michael Vale has worked for the company for more than 30 years.
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If you're going to the bank for a loan, you might think it would be easier as a millionaire. However, when it comes to high-net-worth lending, more money can mean more problems if the individual doesn't have conventional income or … Continue reading → The post How Does High-Net-Worth Lending Work? appeared first on SmartAsset Blog.
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min )
The financial services company could be “nearing a tipping point” on the fee income it recognizes from loan applications and sales, warning the fee income could decline significantly, Wedbush analysts said.
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min )
(Bloomberg) -- Trillions of dollars stowed away in short-term US Treasuries are looking anything but safe as the debt ceiling deadline edges closer. That’s prompted an ETF giant to warn that one of the year’s hottest haven trades could be about to unwind — and throw beleaguered regional banks a lifeline.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Goes to Runoff Vote as Erdogan Falls Short of 50% MarkRemote Work Comes With Daytime Drug and Drinking
( 40
min )
You’ve likely heard the Wall Street saying, Sell in May and go away. Turns out, there’s some truth to it.
( 40
min )
Debt ceiling takes center stage as Biden prepares for G-7, Turkey’s Erdogan fails to clinch victory, EV start-ups forecasting disappointing targets, and other news to start your day.
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(Bloomberg) -- Media upstart Vice Media LLC and home security company Monitronics International Inc. were among at least seven firms filing for US Chapter 11 bankruptcy protection in the past 24 hours as companies feel the crunch from a year of interest hikes.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffRemote Work Comes With Daytime Drug and Drinking HabitsTurkey Poised for Vote Runoff as Erdogan Ballots Fall ShortChina Jails 78-Year-Old American for Life
( 40
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As talks over raising the U.S. government's $31.4 trillion debt ceiling intensify, Wall Street banks and asset managers have begun preparing for fallout from a potential default. The financial industry has prepared for such a crisis before, most recently in September 2021. Citigroup CEO Jane Fraser said this debate on the debt ceiling is "more worrying" than previous ones.
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NeoGames stock more than doubles after the company reaches an agreement to be acquired by Australia's Aristocrat Leisure.
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Companies such as TurboTax are leaning on lawmakers to fight a change.
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Newmont reaches a deal to acquire Australian gold and copper miner Newcrest Mining for $17.5 billion, while Oneok will be buying Magellan Midstream Partners in a cash-and-stock deal with a value of about $18.8 billion including debt.
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The merger diversifies Oneok's operations from primarily natural gas into oil and refined products.
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Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.
( 23
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(Bloomberg) -- Global investors seeking to trade China’s reopening will have a new strategic tool from Monday: onshore interest-rate swaps that had an annual turnover of $3 trillion last year.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffRemote Work Comes With Daytime Drug and Drinking HabitsTrump Changed GOP Rules to Make Winning the Nomination Even Easier — for TrumpJeffrey Epstein Keeps Haunting Wall Street Long After His DeathThe so-called Swap Connect
( 40
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Stock futures advanced to start a new week of trading, with developments on the looming U.S. debt ceiling in focus alongside a trickle of economic data and remarks from central bank officials due in the coming days.
Futures for the Dow Jones Industrial Average rose 140 points, or 0.4%, after the in
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The takeover would cement Newmont’s position as the world’s largest producer of gold, while also increasing its exposure to copper, a metal key to the global transition to cleaner energy.
( 23
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(Bloomberg) -- Morgan Stanley’s Michael Wilson — among the most bearish voices on Wall Street — expects the debate around raising the US government’s $31.4 trillion borrowing limit to trigger some sharp swings in equity markets.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffRemote Work Comes With Daytime Drug and Drinking HabitsSea’s Path to Profit Paved With Layoffs, Single-Ply Toilet PaperJeffrey Epstein Keeps Haunting Wall Street Long After His DeathMost
( 39
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British American Tobacco appointed finance director Tadeu Marroco as CEO on Monday, succeeding Jack Bowles who is stepping down after about four years. Marroco has been with the tobacco firm since 1992 and was appointed to the board in 2019. Director Javed Iqbal will be interim finance director while the group looks for a permanent replacement for Marroco, the company said.
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(Bloomberg) -- Vice Media LLC filed for bankruptcy protection, punctuating a relatively rapid decline for the media upstart that once boasted a $5.7 billion valuation.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffRemote Work Comes With Daytime Drug and Drinking HabitsTrump Changed GOP Rules to Make Winning the Nomination Even Easier — for TrumpJeffrey Epstein Keeps Haunting Wall Street Long After His DeathThe Brooklyn-based company listed both assets and li
( 38
min )
Kioxia Holdings Corp and Western Digital Corp are speeding up merger talks and nailing down a deal structure, two sources with direct knowledge of the matter said, as a slumping flash memory market puts fresh consolidation pressure on the world's No. 2 and No. 4 players. Japan's Kioxia and U.S. chipmaker Western Digital have been hit hard by plunging market demand and oversupply. Combining their flash memory businesses could boost competitiveness against rivals like South Korea's Samsung Electronics.
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Banking regulators have been pushed by market volatility in recent weeks into doing things that they haven't really wanted to do, like letting the largest U.S. bank get even bigger. Take the case of the Federal Deposit Insurance Corp (FDIC), one of the main banking regulators. In a December 2021 statement, Chairman Martin Gruenberg said the sale of some troubled banks to the likes of JPMorgan Chase & Co during the financial crisis of 2008 had arguably "increased long-term financial stability risk."
( 39
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(Bloomberg) -- Pressure is mounting for China’s dollar bond defaulters to present disgruntled creditors concrete restructuring plans, as another firm that has failed to do so now faces court-ordered liquidation.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffRemote Work Comes With Daytime Drug and Drinking HabitsJeffrey Epstein Keeps Haunting Wall Street Long After His DeathTrump Changed GOP Rules to Make Winning the Nomination Even Easier — for TrumpDangdai
( 38
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Asian shares were mostly lower Monday, dogged by persisting worries over a possible recession and the risk of a default on the U.S. national debt. U.S. futures and oil prices also fell. This week will bring major updates on the Chinese and Japanese economies.
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Bitcoin prices rose on Monday morning in Asia to above US$27,000. Ether managed to rise above the US$1,800 support level as Litecoin leads gainers.
( 39
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The major energy deal will combine Oneok and Magellan, forming the second-largest U.S.-based pipeline company by stock-market value.
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(Bloomberg) -- US stock futures declined and the dollar traded in tight ranges versus major peers as investors weighed signs of progress in talks to avert a debt default and persistent inflationary pressure. Most Read from BloombergTurkey Latest: Erdogan Vote Below 50% Needed to Win ElectionRemote Work Comes With Daytime Drug and Drinking HabitsEarly Vote Count Shows Erdogan Below 50% in Turkish ElectionTrump Changed GOP Rules to Make Winning the Nomination Even Easier — for TrumpMuch of the act
( 40
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(Bloomberg) -- Oil held a fourth weekly loss as concerns over the US economy and China’s slower-than-expected recovery weighed on the outlook.Most Read from BloombergTurkey Latest: Erdogan Vote Below 50% Needed to Win ElectionRemote Work Comes With Daytime Drug and Drinking HabitsEarly Vote Count Shows Erdogan Below 50% in Turkish ElectionTrump Changed GOP Rules to Make Winning the Nomination Even Easier — for TrumpWest Texas Intermediate futures traded near $70 a barrel after the longest run of
( 39
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(Bloomberg) -- The risk of a US debt default is greater than it’s ever been, threatening to tip global markets into a brand-new world of pain. For investors, there are few places to hide other than the oldest hedge in the book: gold.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffRemote Work Comes With Daytime Drug and Drinking HabitsEarly Vote Count Shows Erdogan Below 50% in Turkish ElectionTrump Changed GOP Rules to Make Winning the Nomination Even Easier
( 41
min )
Warren Buffett's Berkshire Hathaway shook up its bank holdings last quarter, adding Capital One and exiting positions in two other major lenders amid banking sector turmoil.
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min )
Personal loan rates dropped again for a third week in a row, lowering the overall average by 28 basis points.
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min )
Intel rebounds from a last week’s fall, while Verizon’s 2% drop is the worst of the Dow
( 17
min )
A judgment is a court decision adjudicating a dispute between two parties by determining the rights of each party. Read how monetary judgments work.
( 24
min )
There are many methods used by the government to control inflation; one popular method is contractionary monetary policy.
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min )
U.S. equities made small advances on Monday, May 15, 2023 on optimism about the debt ceiling negotiations, and new economic data coming this week
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min )
Environmental, social, and governance (ESG) investing is growing in popularity. See some tips for discussing ESG opportunities with your clients.
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min )
Americans have more debt than ever, and more people are falling behind on paying it.
( 16
min )
Natural gas pipeline operator ONEOK agreed to buy Magellan Midstream Partners, L.P. for $18.8 billion.
( 16
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Three Fed bank presidents weighed in on the future of interest rates and inflation, with Atlanta Fed President Raphael Bostic saying he doesn't see an interest rate cut this year.
( 18
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There are numerous low-down-payment mortgage options out there, but sometimes it makes sense to build up your savings so you can borrow less.
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min )
DISH Network, Warner Bros. Discovery, and Opera lead the industry for best value, fastest growth, and most momentum, respectively.
( 21
min )
Target, the nation’s seventh-largest retailer by revenue, will likely say earnings fell 20% in the first quarter amid a slowdown in comparable store sales and discretionary spending.
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min )
If you’re a first-time homebuyer, the options for borrowing can be exponential and potentially overwhelming. Here are some home financing basics.
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H&R Block (HRB) shares are sinking as the Internal Revenue Service (IRS) is set to release a report this week about plans to offer free online tax filings on its website.
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min )
This week’s cryptocurrencies to keep an eye on are Kava (KAVA), Bitcoin SV (BSV), Lido DAO (LDO), Rocket Pool (RPL), and Litecoin (LTC).
( 19
min )
Tesla Inc. will host some shareholders at its Austin, Texas gigafactory for its annual general meeting this week, amid speculation over Elon Musk's succession planning.
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A younger generation of financial advisors is ready to make their mark on the industry. Here's how they can set themselves apart.
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min )
Microsoft's purchase of Activision Blizzard, which was blocked by U.K. regulators last month, is the biggest consumer tech acquisition in more than two decades.
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min )
There aren’t many houses for sale, and that’s partly because of the 14 million mortgage holders who took advantage of ultra-low interest rates in 2020 and 2021.
( 18
min )
JC Parets of AllStarCharts rejoins The Express to help us find where the bulls are running across the entire global stock market, and shares his favorite wines for the Spring season.
( 15
min )
Cemex, Albermarle, and Patriot Battery lead for value, growth, and momentum, respectively
( 20
min )
Newmont, the world’s largest gold mining company, acquired Australian rival Newcrest Mining Ltd. for $19.2 billion in the industry’s biggest deal to date.
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Learn about common metrics used in risk measurement and how to use risk management techniques to assess the risk associated with an investment.
( 24
min )
Most mortgage averages moved slightly up, after two days of decline. The movement was minor for most loan types, though jumbo 30-year rates rose a full eighth of a point.
( 20
min )
A furnisher is a company that provides information about a consumer, including credit history, to a credit bureau. Learn how furnishers work.
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min )
The Equal Credit Opportunity Act (ECOA) is a federal civil rights law that forbids lenders to deny credit to an applicant based on any factor unrelated to the person's ability to repay.
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Working capital, or net working capital (NWC), is a measure of a company’s liquidity, operational efficiency, and short-term financial health.
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“Chattel mortgage non-filing insurance” refers to a type of insurance product purchased by chattel mortgage providers and other financial firms.
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min )
Finance is the study and management of money, investments, and other instruments. Learn about the basics of public, corporate, and personal finance.
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Veel bedrijven staan te springen om nieuw personeel. Het aantal openstaande vacatures blijft hoog en dat betekent dat de krapte op de arbeidsmarkt nog steeds erg groot is. Vooral in de handel, zakelijke dienstverlening en de zorg zijn veel mensen nodig.
( 3
min )
De Nederlandsche Bank (DNB) heeft de afgelopen maand voor bijna 15 miljard euro aan goud, munten en bankbiljetten verhuisd naar een opslag in Zeist, meldt de centrale bank maandag. Daar bevindt zich sinds kort het nieuwe zogenoemde DNB Cashcentrum.
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De Raad van State heeft stevige kritiek op de begrotingsplannen van het kabinet. De belangrijkste adviseur van het kabinet waarschuwt dat het kabinet met de forse uitgaven "dicht langs de vangrail" stuurt. "Er zijn daardoor geen buffers voor het opvangen van eventuele financiële tegenvallers."
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De twee te bouwen lng-terminals voor de kust van het Duitse Rügen worden bijna de helft kleiner. De capaciteit van 18 miljard kubieke meter is niet meer noodzakelijk nu de energietekorten zijn afgewend. Ook was er protest tegen de drijvende terminals.
( 3
min )
Windmolens op zee bij Borssele en Egmond aan Zee hebben zaterdag vier uur lang stilgestaan omdat massale vogeltrek boven de Noordzee was voorspeld. Zo hadden de vogels een veiligere doortocht, zegt minister Rob Jetten (Klimaat en Energie). Deze stap zou wereldwijd voor het eerst zijn gezet.
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min )
Xbox-maker Microsoft mag van de Europese Commissie gamesbedrijf Activision Blizzard overnemen. Toch blijft het nog maar de vraag of de overname kan doorgaan; het is onzeker of de autoriteiten in het Verenigd Koninkrijk en de Verenigde Staten ook akkoord gaan met de grootste overname ooit in de gamesindustrie.
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De Europese Commissie beslist waarschijnlijk in de komende dagen of Microsoft Call of Duty-ontwikkelaar Activison Blizzard mag overnemen. Maar zelfs met Europese toestemming staat de grootste overname ooit in de game-industrie op losse schroeven.
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Het Bundeskartellamt gaat onderzoeken of een aantal Duitse energieleveranciers misbruik heeft gemaakt van het prijsplafond bij de oosterburen. Mogelijk dat de leveranciers meer subsidie hebben gevraagd dan waar ze recht op hadden. De toezichthouder sluit niet uit dat er meer onderzoeken volgen.
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De Europese economie zal meer groeien dan verwacht, volgens de Europese Commissie. Het dagelijks EU-bestuur rekent op een groei van 1,1 procent in plaats van 0,9 procent. Daarmee zakt de angst voor een recessie verder weg.
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Klanten van Vattenfall met een variabel contract krijgen vanaf 1 juli tarieven die onder het prijsplafond liggen. Eerder verlaagden andere leveranciers, waaronder Eneco en Essent, hun tarieven ook al tot onder die grens.
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De aandelenbeurs in Istanboel is maandagochtend meer dan 6 procent gezakt. Dat komt door de onduidelijkheid over de toekomst van het land, nu er nog geen duidelijke winnaar is bij de Turkse presidentsverkiezingen.
( 2
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De Argentijnse regering wil met een pakket maatregelen de inflatie van maar liefst 109 procent bestrijden. Zo gaat de rente verder omhoog, moet de eigen valuta worden ondersteund en wil het Zuid-Amerikaanse land nieuwe deals maken met schuldeisers.
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De energiemarkt krabbelt op, maar dat heeft ook minder leuke kanten. Consumenten moeten namelijk oppassen voor de agressieve en misleidende manier waarop energieleveranciers nieuwe klanten proberen te werven.
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Linda Yaccarino volgt Elon Musk op als hoogste baas van Twitter, een half jaar nadat hij het sociale medium heeft gekocht. Ze is een grote naam in de wereld van de tv-reclame en belichaamt twee dingen waar Musk een hekel aan heeft: reguliere media en reclame.
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Directeur Klaas Knot van De Nederlandsche Bank waarschuwt voor een loon-prijsspiraal als de lonen te veel doorstijgen. Wat is dit precies?
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De energietoeslag voor studenten blijft een heikel punt voor gemeenten. Studenten slepen gemeentes voor de rechter, vaak met succes. Wat is er aan de hand en komt er nog een échte oplossing?
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min )
The statute of frauds is a legal concept that stipulates that certain types of contracts must be executed in writing to be valid.
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The Wilcoxon test, which refers to either the rank sum test or the signed rank test, is a nonparametric test that compares two paired groups.
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Learn the values of futures contracts and the initial margin a trader must place in an account to open a futures position as well as maintenance margin.
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min )
Human resources (HR) is the company department charged with finding, screening, recruiting, and training job applicants, as well as administering benefits.
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The Federal Open Market Committee (FOMC) is the branch of the Federal Reserve System that determines the direction of monetary policy.
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EBITA is a measure of a company’s real performance. It can be more informative than bottom-line earnings.
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Additional insured is a type of status associated with general liability insurance that provides coverage to other individuals/groups not initially named.
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Bank failure is the closing of an insolvent bank by a federal or state regulator. Learn what causes a bank failure and about examples of bank failures.
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You can get the maximum credit score by taking steps to reduce your debt and prove you can make payments reliably. Learn how lenders interpret credit scores.
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Insolvency is a situation in which an individual or company cannot pay off bills and debts. Learn about the insolvency process, how it works, and how to avoid it.
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Enel Chile, Altus Power, and Genie Energy lead for value, growth, and momentum, respectively
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Checkout at the grocery store is finally getting a less painful as inflation starts to abate—unless you need baby formula.
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Owners’ equivalent rent (OER) is the amount of rent that would need to be paid to substitute a currently owned house as a rental property.
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Find out the companies that made the list of the 10 biggest startups by valuation, according to a recent report published by Recode.
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Alternative dispute resolution (ADR) is, in an insurance sense, a number of disparate processes used by insurers to resolve claims and contractual disputes.
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(Bloomberg) -- Just over a year ago, Forrest Li was laid up in bed with Covid, fretting about the future of his company, Sea Ltd. So he propped himself up on a pillow to hammer out the latest in a series of memos that would change the course of his business — and perhaps the tech industry.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffRemote Work Comes With Daytime Drug and Drinking HabitsEarly Vote Count Shows Erdogan Below 50% in Turkish ElectionTrump Chan
( 43
min )
(Bloomberg) -- Newmont Corp. agreed to buy Newcrest Mining Ltd. in a deal worth about A$28.8 billion ($19.2 billion) including debt, consolidating the US miner’s status as the world’s biggest gold producer.Most Read from BloombergTurkey Latest: Erdogan Vote Below 50% Needed to Win ElectionRemote Work Comes With Daytime Drug and Drinking HabitsEarly Vote Count Shows Erdogan Below 50% in Turkish ElectionTrump Changed GOP Rules to Make Winning the Nomination Even Easier — for TrumpNewcrest holders
( 40
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ONEOK Inc agreed to buy Magellan Midstream Partners in a cash and stock deal valued at around $18.8 billion including assumed debt to diversify in the midstream oil and gas industry, the company said on Sunday. ONEOK will pay $25 and 0.6670 shares of ONEOK common stock for each outstanding Magellan common unit. The deal is expected to be accretive to earnings per share beginning in 2024, with EPS accretion of 3% to 7% per year from 2025 through 2027, ONEOK said in a statement.
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The deal would be the largest ever in the gold-mining industry.
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(Bloomberg) -- Energy infrastructure company Oneok Inc. will buy Magellan Midstream Partners L.P. in a cash-and-stock transaction valued at around $18.8 billion including assumed debt, according to a joint statement.Most Read from BloombergTurkey Latest: Erdogan Vote Below 50% Needed to Win ElectionRemote Work Comes With Daytime Drug and Drinking HabitsEarly Vote Count Shows Erdogan Below 50% in Turkish ElectionTrump Changed GOP Rules to Make Winning the Nomination Even Easier — for TrumpEach Ma
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If you’re going to be forever known for one thing, being the ‘man who broke the Bank of England’ is a description many would sign up for. That is how George Soros is regularly introduced, and the story involves how he bet against the British Pound in 1992 and pocketed $1 billion from the trade in a single day. Of course, Soros’ legendary reputation does not rest solely on that headline-grabbing act, and the billionaire investor has had a decades-long career of almost unmatched investing success.
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In a letter seen by The Wall Street Journal, Republican attorneys general say the bank closed accounts and asked questions before reinstating them.
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RBC Capital Markets said "in the near term, we believe gold looks like the best hedge in the more immediate offing."
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Autonomous trucking software developer TuSimple will disappear from the Nasdaq on Monday as it is delisted for financial filings failure. The post TuSimple stock delisted from Nasdaq due to unfiled financial reports appeared first on FreightWaves.
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First-quarter earnings from Home Depot, Cisco Systems, Take-Two, Target, Walmart, Alibaba, Applied Materials, Ross Stores, and Deere. Plus, retail sales and leading economic index.
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The U.S. Treasury could run out of cash as soon as early June. That could deliver a big hit to the housing market.
( 40
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Bitcoin high priest and MicroStrategy chair Michael Saylor predicts the number one cryptocurrency “will chop its way up—with volatility—forever.”
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It's going to be another busy week for investors as regional banks continue to wobble, the debt ceiling looms and economic data flows. Corporations are also hosting annual meetings.
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(Bloomberg) -- Tiger Global Management is seeking to offload hundreds of millions of dollars worth of private companies into the secondary market, according to people with knowledge of the matter. Most Read from BloombergRemote Work Comes With Daytime Drug and Drinking HabitsThis New Airline Is Raising the Bar, From First Class to EconomyTurkey Latest: Polls Close, Count Begins in Knife-Edge ElectionG-7 Finance Chiefs Unite to Condemn Russia and Counter ChinaThe Russian Nuclear Company The West
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(Bloomberg) -- The fear-driven selloff that’s cut the stock-market values of some banks in half may look like a perfect chance to buy the dips. If only they’d stop falling. Most Read from BloombergRemote Work Comes With Daytime Drug and Drinking HabitsThis New Airline Is Raising the Bar, From First Class to EconomyG-7 Finance Chiefs Unite to Condemn Russia and Counter ChinaThe Russian Nuclear Company The West Can't Live WithoutBiden Says Debt Talks Move Along as Parties Discuss ChangesAs shares
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(Bloomberg) -- Argentina is preparing a set of emergency measures, including raising its key interest rates by 600 basis points to 97% on Monday, as inflation spirals out of control in the run up to presidential elections, according to officials at the Economy Ministry and the central bank.Most Read from BloombergRemote Work Comes With Daytime Drug and Drinking HabitsThis New Airline Is Raising the Bar, From First Class to EconomyG-7 Finance Chiefs Unite to Condemn Russia and Counter ChinaThe Ru
( 38
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The FDA’s potential approval of an over-the-counter oral contraceptive could mean a huge market for generic drugmaker Perrigo.
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Even though most market watchers would agree that a recession is looming over the next hill, there are still stocks that ‘tick the right boxes,’ flashing buy-signs for investors. The Smart Score tool from TipRanks is perfect for sorting these choices from the pack. The Smart Score algorithm measures every stock according to a set of key metrics, 8 in all, that include a series of sentiment gauges as well as fundamental and technical factors, all of which are known to correlate with future outper
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On both sides of the Atlantic, people have recently been acutely worried about how the banking system would cope with higher interest rates.
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Many Americans don't feel financially confident. In fact, a recent study found that you'd need to earn around $128,000 to have financial confidence.
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It is becoming increasingly clear that hopes of a container boost from the reopening of China are all but gone. The post Reality of ocean container volume far cry from China reopening hype appeared first on FreightWaves.
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While no one is immune to financial hardships, new research from financial services firm Edward Jones suggests that perhaps those in the millennial generation are particularly vulnerable. In a survey of financial advisors, 43% of the experts polled said that … Continue reading → The post Edward Jones: Millennials Are the Most Likely to Experience Financial Hardship appeared first on SmartAsset Blog.
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The longtime barometer of wood prices and building activity is being replaced with a new lumber-futures contract in an effort to boost trading.
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Enel Chile, Altus Power, and Genie Energy lead for value, growth, and momentum, respectively
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The New York State Common Retirement Fund is third-largest public pension in the U.S.
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It is hardly a coincidence that the demographic which benefited most from the old system has also expressed the most anxiety about changing it.
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Larry Cook, 76, wired $ 3.6 million to possible scammers abroad. The bank reported him to adult protective services, but continued wiring his money.
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Fund managers have the lowest exposure to stocks relative to bonds since 2009.
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The pandemic led first to a boom, and now a bust, in tax collections.
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Cadbury needed to be taken over to improve its flagging business, the chief executive of its US owner has claimed.
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Amazon has made major changes to its logistics operation aiming to reduce travel distance resulting in faster delivery and lower costs.
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Kaseya CEO Fred Voccola discusses issues facing the technology sector and shares how his Miami-based company is finding success on 'The Big Money Show.'
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Personeel in de zorg, het onderwijs en het openbaar bestuur ging vorig jaar het vroegst met pensioen. Wie werkte in de landbouw, visserij en dienstverlening bleef juist het langst doorwerken. Dat blijkt uit cijfers van statistiekbureau CBS.
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Oliebedrijf Shell doet lang niet genoeg om zich te houden aan de uitspraak in de klimaatzaak die Milieudefensie in 2021 heeft gewonnen. Het bedrijf heeft voor het leeuwendeel van de CO2-uitstoot nog altijd geen goed reductieplan, stelt de milieuorganisatie.
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min )
Koffiedrinkers stappen door de hoge inflatie steeds vaker over op goedkopere soorten koffie. Daardoor is er meer behoefte aan de robustasoort, die doorgaans goedkoper is dan arabicakoffie. Maar boeren hebben steeds meer moeite die vraag bij te benen.
( 4
min )
De Europese Unie krijgt nieuwe begrotingsregels. Het idee is dat Brussel minder rigide vraagt om extra bezuinigingen als landen toch al in de problemen zitten. Een hele verbetering, vinden experts, maar het is niet zonder gevaren.
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min )
Europa krijgt nieuwe begrotingsregels. Het idee is dat Brussel minder rigide vraagt om extra bezuinigingen als landen toch al in de problemen zitten. Een hele verbetering, vinden experts, maar het is niet zonder gevaren.
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(Bloomberg) -- Treasury traders will be on high alert in the coming week for signs out of Washington on whether the US will careen toward a market-upending default — or will clinch a last-gasp debt deal once again.Most Read from BloombergStock Traders Stay Calm About US Being on Cusp of DefaultThis New Airline Is Raising the Bar, From First Class to EconomyRemote Work Comes With Daytime Drug and Drinking HabitsFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoG-7 Finance
( 40
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(Bloomberg) -- Companies are seizing the opportunity to sell more bonds as rates march higher and the economy slows. Most Read from BloombergStock Traders Stay Calm About US Being on Cusp of DefaultThis New Airline Is Raising the Bar, From First Class to EconomyRemote Work Comes With Daytime Drug and Drinking HabitsFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoG-7 Finance Chiefs Unite to Condemn Russia and Counter ChinaEuropean borrowers raised the most debt in over
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The most common employer match is 50 cents on the dollar of up to 6% of your salary. In most cases, you should contribute enough to get the maximum match.
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(Bloomberg) -- The Federal Reserve is most likely halting its interest-rate hikes in June, but a strong easing cycle isn’t in the cards with inflation remaining above the central bank’s target, according to Elaine Stokes at Loomis Sayles. Most Read from BloombergStock Traders Stay Calm About US Being on Cusp of DefaultThis New Airline Is Raising the Bar, From First Class to EconomyRemote Work Comes With Daytime Drug and Drinking HabitsFlorida’s Money Man Threatens to Cut Ties With Bank of Americ
( 41
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Crypto enjoyed a short rally after the release of the CPI on Wednesday, but a strengthening dollar pulled prices back down. fs
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The head of Revolut’s UK operations accidentally texted a disgruntled customer to say he would be waiting for him “in the garden with my shotgun”, it is claimed.
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(Bloomberg) -- The debt-ceiling standoff in Congress has the US at risk of being unable to pay its bills as soon as June 1. You’d think stock-market investors would be anxious about the uncertainty — but you’d be wrong.Most Read from BloombergRemote Work Comes With Daytime Drug and Drinking HabitsThis New Airline Is Raising the Bar, From First Class to EconomyG-7 Finance Chiefs Unite to Condemn Russia and Counter ChinaThe Russian Nuclear Company The West Can't Live WithoutFlorida’s Money Man Thr
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The US's rivals are trying to unseat the dollar. Some of the biggest names in investing think it's unlikely that they'll succeed.
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Americans are not feeling good about their financial standing when it comes to preparing for retirement. Workers and retirees are nearly as worried about making their retirement money last as they were during The Great Recession, according to a new … Continue reading → The post More Workers Worry They Can't Afford to Retire appeared first on SmartAsset Blog.
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What are your thoughts on Roth conversions if you are in the highest tax bracket and plan to be there moving forward? -Joel If you ask some financial professionals, the answer to this question might be a resounding no, and … Continue reading → The post Ask an Advisor: I'm in the Highest Tax Bracket and ‘Plan to Be There Moving Forward.' Should I Do a Roth Conversion? appeared first on SmartAsset Blog.
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While more people are opting into online banking, it's possible that you may still need to write or deposit paper checks from time to time. Depositing paper checks to your own bank account can be as simple as handing them … Continue reading → The post Can I Deposit a Check for Someone Else? appeared first on SmartAsset Blog.
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The recession, inflation and COVID-19 have made a bad situation worse. Financial dependency now has aging parents living with their adult children and their adult children footing the bill for their parent's ill-planned retirement. All while also trying to raise … Continue reading → The post Enablement Could Leave you Permanently Footing the Bill for Your Entire Family appeared first on SmartAsset Blog.
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According to a recent study by Genworth Financial, the median cost of nursing home care in the United States was $8,910 per month for a private room and $7,800 per month for a semi-private room in 2021. These costs are … Continue reading → The post How to Pay for Nursing Home Care With Social Security appeared first on SmartAsset Blog.
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If you're buying an investment property, it may make sense to buy it using a limited liability corporation (LLC). While there are certain hurdles you'll have to clear, buying a house with an LLC can have many legal and financial … Continue reading → The post How to Buy a House With an LLC appeared first on SmartAsset Blog.
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Tufan Erginbilgic has replaced senior management and is renegotiating billions of dollars in contracts. He says there is more work to be done.
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Even as some key indicators stabilize for midsize lenders, their shares remain under pressure.
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(Bloomberg) -- As the US economy teeters on the brink of recession, Wall Street is already enduring what could turn out to be the most prolonged corporate profits downturn in seven years. Most Read from BloombergThis New Airline Is Raising the Bar, From First Class to EconomyYellen Says ‘We Have to Default’ on Something If Congress FailsTesla Recalls Virtually Every Car It Has Sold in ChinaFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoElon Musk Picks Linda Yaccarino
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Stand-alone dental insurance often has limits of $1,000 to $2,000 worth of coverage a year, meaning patients still end up paying for most of the costs on expensive procedures.
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There could be serious economic damage in the U.S. and elsewhere if the debt ceiling fight nears the default deadline.
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The only person to ever hold the title of BlackRock CEO says he has no imminent plans to retire—but he is grooming several executives who could take the reins.
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Two months after the failure of Silicon Valley Bank, the lender’s depositors in the Cayman Islands have been left out in the cold.
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Banks will be forced to run onerous affordability checks on their own mortgage customers as the City regulator hits them with more red tape.
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Austin Russell is on quite a run. The 28-year-old founder and CEO of Luminar, which develops vision-based lidar and machine perception technologies primarily for self-driving cars, told The Wall Street Journal earlier today that he is buying an 82% stake in Forbes Global Media Holdings in a deal that values the company at nearly $800 million. According to the WSJ, Russell's stake includes the remaining portion of the company owned by its namesake family, which sold 95% of the company to the Hong Kong-based investor group Integrated Whale Media back in 2014.
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The dispute comes at a time when ByteDance-owned app TikTok faces growing calls for a nationwide ban from some U.S. lawmakers regarding concerns about potential Chinese government influence over it. Yintao "Roger" Yu said in a complaint filed on Friday in San Francisco state court that the Chinese tech company engaged in a "worldwide scheme to steal and profit from the content of others" without seeking permission. When Yu raised these concerns to higher management, he said they dismissed them and asked him to hide the illegal program, especially from employees in the United States, as it had stricter IP laws and class actions.
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The current banking environment and pressures on earnings of some U.S. regional banks may lead to some concentration in the sector, and regulators will likely be open to such mergers, Treasury Secretary Janet Yellen said on Saturday. Yellen told Reuters she was not seeing evidence of pressure on smaller community banks, which had a large percentage of insured deposits. However, she said a certain degree of consolidation in the regional and midsize banking sector could occur.
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(Bloomberg) -- A former executive at TikTok parent ByteDance Inc. who was fired in 2018 said in a lawsuit that the Chinese Communist Party had a special office within the company that gave it “supreme access” to all data, a backdoor channel that he said persisted even after US user data was walled off from individual engineers in China.Most Read from BloombergYellen Says ‘We Have to Default’ on Something If Congress FailsThis New Airline Is Raising the Bar, From First Class to EconomyFlorida’s M
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The Federal Reserve is "on track" to doing what is necessary to meet the two mandates Congress has given it, Fed Governor Philip Jefferson said on Friday: bring inflation down and enable Americans who want jobs to get them. The Fed has raised its benchmark interest rate five full percentage points over the past 14 months. Inflation by the Fed's preferred measure has eased from 7% last summer to 4.2%, and unemployment has fallen to 3.4%, the lowest since 1969.
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After plunging, its shares look attractive. The company is drawing crowds with its plush, high-tech driving ranges.
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A Treasury bill (T-Bill) is a short-term debt obligation issued by the U.S. Treasury and backed by the U.S. government with a maturity of less than one year.
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Household income, as defined by the Census Bureau, is the total gross income of all people occupying the same housing unit who are 15 years and older.
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The most common employer match is 50 cents on the dollar of up to 6% of your salary. In most cases, you should contribute enough to get the maximum match.
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Big Blue is a long-standing nickname for the IBM corporation, a global technology company based in the US.
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While LeBron James earned most of his money through basketball, partnerships with Nike, PepsiCo, and Walmart, as well as real estate investments, have helped jump-start his earnings
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Compass shares gained 47% for the week as the company said it expanded national market share and would be free cash-flow positive starting in the second quarter
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Bij dalende energieprijzen is het verleidelijk om op nog goedkopere energie te wachten, maar het kan handiger zijn om nu een vast jaarcontract te sluiten. Vooral omdat consumenten vanaf 1 juni bij nieuw afgesloten contracten veel hogere opzegboetes moeten betalen als ze tussentijds van het contract af willen. Je kunt ook wachten op een meerjarencontract dat nu nog niet wordt aangeboden.
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Bij dalende energieprijzen is het verleidelijk om op nog goedkopere energie te wachten, maar het kan handiger zijn om nu een vast jaarcontract te sluiten. Vooral omdat consumenten vanaf 1 juni bij nieuw afgesloten contracten veel hogere opzegboetes moeten betalen als ze tussentijds van het contract af willen. Je kunt ook wachten op een meerjarencontract dat nu nog niet wordt aangeboden.
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Ongeveer de helft van alle nieuwe auto's die in Nederland worden verkocht, zijn SUV's. Gemiddeld rijden Nederlanders in steeds grotere auto's. Dat leidt tot extra gebruik van energie en grondstoffen, waardoor de klimaatdoelen lastiger haalbaar worden. Ook voor de verkeersveiligheid pakken de grotere wagens slecht uit.
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Vakbonden zetten de onderhandelingen op scherp om meer aandacht te krijgen voor hun zaak: compensatie van het koopkrachtverlies van werknemers. Maar het blijft vaak bij dreigen, want er zijn de laatste tijd veel cao's afgesloten. Van een stakingsgolf is geen sprake.
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A former executive fired from TikTok’s parent company ByteDance made a raft of accusations against the tech giant Friday, including that it stole content from competitors like Instagram and Snapchat, and served as a “propaganda tool” for the Chinese government by suppressing or promoting content favorable to the country’s interests. The allegations were made in a complaint Friday by Yintao Yu, the head of engineering for ByteDance’s U.S. operations from August 2017 to November 2018, as part of a wrongful termination lawsuit filed earlier this month in San Francisco Superior Court. Yu claims he was fired for disclosing “wrongful conduct” he saw at the company.
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Sentiment readings sink amid high interest rates, debt-ceiling crisis, and inflation worries. Good news on jobs can’t dispel the gloom.
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(Bloomberg) -- Austin Russell, a 28-year-old automotive technology tycoon, acquired an 82% stake in Forbes Global Media Holdings, parent of the well-known business magazine.Most Read from BloombergYellen Says ‘We Have to Default’ on Something If Congress FailsFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoThis New Airline Is Raising the Bar, From First Class to EconomyElon Musk Picks Linda Yaccarino as Next Twitter CEOTesla Recalls Virtually Every Car It Has Sold in C
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The personal information of 237,000 current and former federal government employees has been exposed in a data breach at the U.S. Transportation Department (USDOT), sources briefed on the matter said on Friday. It was not clear if any of the personal information had been used for criminal purposes. USDOT said in a statement to Reuters that the breach did not affect any transportation safety systems.
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Soros Fund Management, the family office of billionaire George Soros, slashed its stakes in electric vehicle makers Tesla Inc and Rivian Automotive in the first quarter, and added Netflix Inc shares, filings released Friday showed. Soros purchased shares of Tesla and electric truck startup Rivian in 2022 and bought $35 million of Tesla convertible bonds in 2018.
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Here are seven major companies whose stocks moved on the week’s news.
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The deal struck by 28-year-old Austin Russell values the business publication at close to $800 million.
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(Bloomberg) -- George Soros’s investment firm cut holdings in electric-vehicle makers, slashing a stake in Rivian Automotive Inc. after a 90% share decline and eliminating an investment in Tesla Inc.Most Read from BloombergElon Musk Picks Linda Yaccarino as Next Twitter CEOFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoYellen Says ‘We Have to Default’ on Something If Congress FailsKen Griffin’s Hand-Picked Math Prodigy Runs Market-Making EmpireTesla Recalls Virtually
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The automotive tech billionaire has agreed to acquire 82% of Forbes, which includes the remaining portion of the company owned by the Forbes family, the joint statement to Reuters said. Russell will not be involved in the day-to-day operations of the company, the statement said, adding that capital for the acquisition is independent of his stake in Luminar.
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QVT Financial disclosed a large stake in rare-earths miner MP Materials. Hestia Capital won four seats on the board of shipping-services firm Pitney Bowes.
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Elon Musk is taking a reduced role at Twitter after naming a CEO. Now investors are worried he might do the same at Tesla.
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The S&P 500 currently sits 14% below the all-time high of 4,793, which was reached at the end of 2021. However, if a Bank of America prediction is about to play out, new highs will be attained early next year. BofA’s technical research strategist, Stephen Suttmeier, points to specific bullish indicators indicating that the S&P 500 could climb to 4,900 by next March. This represents a potential uptick of 18.5% from current levels. The signals Suttmeier is referring to revolve around breadth, or t
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(Bloomberg) -- America’s wheat fields have become so plagued by drought that farmers are now poised to abandon crops at the highest rate in more than a century. Most Read from BloombergElon Musk Picks Linda Yaccarino as Next Twitter CEOFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoYellen Says ‘We Have to Default’ on Something If Congress FailsKen Griffin’s Hand-Picked Math Prodigy Runs Market-Making EmpireTesla Recalls Virtually Every Car It Has Sold in ChinaProducer
( 39
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Carl Icahn’s publicly traded firm finds itself the subject of short seller Hindenburg Research. It's just the latest activist-vs-activist battle.
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Big Tech stocks like Apple and Tesla are lifting the major indexes. Small-caps are suffering, but look cheap.
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(Bloomberg) -- Canada’s main oil-producing region in northeastern Alberta faces an increased risk of wildfires as temperatures rise over the weekend, provincial officials said. Most Read from BloombergStock Traders Stay Calm About US Being on Cusp of DefaultRemote Work Comes With Daytime Drug and Drinking HabitsThis New Airline Is Raising the Bar, From First Class to EconomyG-7 Finance Chiefs Unite to Condemn Russia and Counter ChinaFlorida’s Money Man Threatens to Cut Ties With Bank of America,
( 40
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Airbnb Inc.‘s initial public offering (IPO) on Dec. 10, 2020, had the hotel industry bracing for impact as the online marketplace shattered records and claimed its position as one of the most valuable IPOs in history. Don't Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families The hospitality industry could only watch in awe as the sharing economy giant’s market value soared. Shares in the company opened at $144.71 on the N
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The Google CEO thinks A.I. could have a massive impact on the labor market—he also thinks A.I. is the most "profound" thing that humanity is working on.
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Here’s our weekly roundup of the most-read articles at Barron’s Advisor.
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"We are short units of Icahn Enterprises and have initiated a short position in IEP bonds," Hindenburg announced on Thursday.
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Accounting majors in the class of 2023, the first to enter a postpandemic professional world, will find no shortage of demand for their services as the industry grapples with a scarcity of candidates. They will, however, find starting salaries to be relatively low compared with other possible professions and an evolving workplace experience.
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There is a lot of hype around the potential of AI these days. Fueled by the rise of ChatGPT and the subsequent race for AI supremacy, all the Big Tech gang are looking to get a piece of the action. There’s no danger of the opportunity being overhyped, according to Rosenblatt analyst Hans Mosesmann. In fact, the 5-star analyst knows exactly which company is best positioned to benefit the most from this huge development. “We see Nvidia (NASDAQ:NVDA) driving the biggest technology inflection the wo
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With Walmart leading the pack, these are the 10 biggest companies in the world as measured by 12-month trailing revenue.
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Weeks ago, Icahn's arch rival Bill Ackman commented on the irony of an activist being pursued by an active campaign.
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(Bloomberg) -- The US natural gas industry is pulling back on exploration at the fastest pace in seven years amid tumbling prices for the heating and power plant fuel.Most Read from BloombergElon Musk Picks Linda Yaccarino as Next Twitter CEOFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoKen Griffin’s Hand-Picked Math Prodigy Runs Market-Making EmpireTesla Recalls Virtually Every Car It Has Sold in ChinaYellen Says ‘We Have to Default’ on Something If Congress FailsRi
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Insider's Phil Rosen looks into the Wall Street mogul's latest comments on the economy and looming debt default.
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Truist Securities analyst Andrew Jeffrey initiated coverage of SoFi Technologies stock with a Buy rating and $8 price target in a Friday report.
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Vietnamese electric car maker VinFast will list in the U.S. by merging with a SPAC—Black Spade Acquisition Co.—to expands its U.S. footprint to meet growing EV demand
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Charlie Munger, the 99-year-old billionaire and vice chairman of Berkshire Hathaway Inc., is not one to hold back his opinions. In the last couple of years, he has taken aim at Bitcoin, labeled stock brokerages as “gambling parlors,” and compared meme stock traders to heroin addicts. Don't Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families And in a recent interview with the Financial Times, he did not shy away from criti
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This week, we've put together a list of 2.75+ scored stocks that also pay dividends with upwards of a 2.5% yield and which have been upping their payout for 10+ years. Pharmaceutical behemoth Pfizer (NYSE:PFE) is a household name, but did you know it’s also a dividend powerhouse? The company’s payout stands at a fantastic 4.3%, and it has raised its dividend annually for the last dozen years in a row.
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Carl Icahn’s publicly traded firm finds itself the subject of short seller Hindenburg Research. It's just the latest activist-vs-activist battle.
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Polestar is the latest EV start-up to reduce production guidance for 2023.
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Consumers are spending more modestly on home improvement, and that is weighing on the stock price of Home Depot and Lowe's.
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NBCU earlier announced she was leaving, effective immediately.
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SVB's collapse has highlighted the risk of banks losing deposits, a concern for Schwab as higher rates give customers reason to move their money elsewhere.
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Europe has come a long way from the frenzied stockpiling driving up natural gas prices a year ago. As of May 9, Europe’s gas storage was full to 62%, and at the current pace of refilling, storage is expected to hit its capacity of about 1,138 terawatt-hours (TWh) by late August, according to estimates by Morgan Stanley. And it is driving down gas prices.
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Hospital Tenants of Medical Properties Trust Hire Advisers for Refinancings
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The Euro initially tried to rally a bit during the trading week but then broke down to plunge below the 1.09 level.
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Linda Yaccarino, head of global advertising and partnerships at NBCUniversal, was reported to be in talks over the Twitter CEO role.
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The transaction will bolster First Solar's technological position in thin film photovoltaics, the company says.
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By now, the Federal Reserve’s switch to monetary tightening, and higher interest rates to fight inflation, is old news. However, the latest update on inflation, released earlier this week, showed an annualized CPI rate of 4.9% for April, which indicated a month-over-month decline and marked the lowest level in two years. This is a welcome improvement from the 9% peak inflation hit last June. The cool-off in annualized inflation, and broad expectations that the Fed will use this data to justify p
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There are plenty of ways to minimize your tax liability and that’s especially true when you have worked hard to sock away retirement money. Tax advisors are constantly searching for new ways to avoid paying taxes on IRA withdrawals. There … Continue reading → The post How Can I Avoid Paying Taxes on IRA Withdrawals? appeared first on SmartAsset Blog.
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If you die owing money on a mortgage, the mortgage remains in force. If you have a co-signer, the co-signer may still be obligated to pay back the loan. A spouse or other family member who inherits a house generally … Continue reading → The post What Happens to Your Mortgage When You Die? appeared first on SmartAsset Blog.
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If you have $3 million to invest, you can safely and reliably earn anywhere from $3,000 to much as $82,500 a year in interest. If you are ready take more risk, you may earn more. But risk also means the … Continue reading → The post How Much Interest Does $3 Million Earn Per Year? appeared first on SmartAsset Blog.
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An IRA (and its corollary, the Roth IRA) is a form of tax-advantaged retirement account that lets you save money during your working years so you can withdraw it during retirement. There is no age limit to contributing to an … Continue reading → The post Can You Contribute to an IRA After Retirement? appeared first on SmartAsset Blog.
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Can I retire at 55? If you're interested in early retirement, it helps to understand the unique financial planning challenges involved.
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You can probably retire in financial comfort at age 45 if you have $3 million in savings. Although it's much younger than most people retire, that much money can likely generate adequate income for as long as you live. Very … Continue reading → The post Can I Retire at 45 With $3 Million? appeared first on SmartAsset Blog.
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The EV company raised the U.S. prices for its Model S and X vehicles by $1,000 and the prices of its Model Y by $250.
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This should be a wake-up call to the many companies trying to push for a return to the dated office dynamics.
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Investors in some of China’s biggest technology companies have had a rough year, but they got some good news at the end of this week.
The Hong Kong-listed shares of e-commerce giant JD.com closed up 7.3% on Friday, following a similar gain in the company's American depositary shares the day before.
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Tesla shares rise after CEO Elon Musk says he has found a new CEO for Twitter, the social media platform for which he also serves as chief executive. Disney edges higher after a sharp slump Thursday, while Amazon and Netflix extend winning streaks.
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The U.S. Treasury warns that it might exhaust its ability to borrow money as early as June 1 if Congress does not raise the debt ceiling.
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(Bloomberg) -- Top corn importer China could cancel more purchases of the grain from the US because the country can buy more cheaply from Brazil and as some local producers of hog feed replace corn with wheat in their rations.Most Read from BloombergNBCUniversal’s Yaccarino in Talks to Run Twitter, WSJ SaysKen Griffin’s Hand-Picked Math Prodigy Runs Market-Making EmpireFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoJamie Dimon Says US Needs to 'Finish' the Bank Crisis
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(Bloomberg) -- A prolonged period of economic decline in the US will roil technology stocks at a time when they are attracting a weight of investor money, according to Bank of America Corp. strategists.Most Read from BloombergNBCUniversal’s Yaccarino in Talks to Run Twitter, WSJ SaysKen Griffin’s Hand-Picked Math Prodigy Runs Market-Making EmpireFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoJamie Dimon Says US Needs to 'Finish' the Bank CrisisTurkey Markets Rally as
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Rayna Lesser Hannaway, a small-cap manager at Polen Capital, looks for durable growth companies early in their lifecycle.
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Monogram Orthopedics is a trailblazer in the development of personalized, 3D-printed orthopedic implants facilitated by robotics and cutting-edge pre-operative imaging. The company has seen incredible success over the years currently holding the record for the third-largest raise on popular equity crowdfunding site, StartEngine. As part of that raise, over 14,000 retail investors invested over $23.7 million into the company. Following this, the company raised a Series C through a white-label ser
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"This geopolitical turmoil is not going away. This is a slow-moving secular support for gold," Bridgewater's Co-CIO said.
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Bitcoin prices slid under US$27,000 on Friday morning in Asia. Ether fell below support at US$1,800 as all top 10 non-stablecoin tokens retreated.
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(Bloomberg) -- Masayoshi Son is now personally on the hook for about $5.2 billion on side deals he set up at SoftBank Group Corp. to boost his compensation, after the Vision Fund venture capital arm capped a year of record losses. Most Read from BloombergElon Musk Says He’s Stepping Down as Twitter’s CEOJamie Dimon Says US Needs to 'Finish' the Bank CrisisKen Griffin’s Hand-Picked Math Prodigy Runs Market-Making EmpireFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoTur
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(Bloomberg) -- A former Chicago commodities trader was arrested and charged with fraud for lying to clients about everything from a non-existent collection of 122 luxury cars to phony returns that exceeded 200%. Most Read from BloombergJamie Dimon Says US Needs to 'Finish' the Bank CrisisElon Musk Says He’s Stepping Down as Twitter’s CEOKen Griffin’s Hand-Picked Math Prodigy Runs Market-Making EmpireTurkey Markets Rally as Candidate Withdraws Days Before VoteFlorida’s Money Man Threatens to Cut
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U.S. Treasury yields will rise significantly over the coming month, according to analysts polled by Reuters who were split over whether the risk of a U.S. default was higher or the same as prior stand-offs over the debt ceiling. President Joe Biden and top lawmakers in Congress have about three weeks to strike a deal over raising the $31.4 trillion U.S. debt limit, which has sharply increased volatility in bond markets. Half of the 28 respondents in the May 5-11 Reuters poll said the risk of a default was higher this time compared to prior episodes of debt ceiling brinkmanship.
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Legendary investor Peter Lynch has a straightforward perspective on corporate insiders and their actions in the stock market. He put it simply: insiders may sell shares for a range of reasons, but they only buy shares when they believe the price is going to rise. Keeping a close watch on insiders’ stock purchases can prove to be a profitable investment strategy. Corporate insiders, which include company officers and board members, possess valuable knowledge about company policies and performance
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Cash value life insurance is permanent life insurance with a cash value savings component. Learn more about what cash value life insurance is and how it works.
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The Australian Bureau of Statistics (ABS) is the country of Australia's independent national statistical office.
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U.S. equities ended the week with a losing session on Friday, May 12, 2023 as a report showed consumer sentiment sank.
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See how the top nationwide rates on high-yield savings accounts are trending. Our rate data is checked daily for almost 100 financial institutions.
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Nike, JP Morgan and Boeing led the Dow lower, while IBM kept riding the AI wave
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An Iron Condor is an options strategy that allows traders to profit in a non-directional market.
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Employers' liability insurance covers businesses against claims by employees who have suffered a job-related injury or illness, or who file lawsuits.
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The median down payment was still 72% higher in the first quarter of 2023 than it was in the pre-pandemic first quarter of 2020.
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First Solar shares jumped over 25% after the maker of solar panels bought Swedish solar thin film manufacturer Evolar for up to $80 million.
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President Biden nominated Fed Governor Philip Jefferson to be the Fed vice chair, replacing Lael Brainard.
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With Walmart leading the pack, these are the 10 biggest companies in the world as measured by 12-month trailing revenue.
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See how the top nationwide rates on high-yield savings accounts are trending. Our rate data is checked daily for almost 100 financial institutions.
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The State Street Investor Confidence Index measures institutional investor confidence. It is derived from looking at the risk taken by institutional investors.
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Vietnamese electric car maker VinFast will list in the U.S. by merging with a SPAC—Black Spade Acquisition Co.—to expands its U.S. footprint to meet growing EV demand
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KZT is an abbreviation for the Kazakhstan tenge (KZT), the currency of Kazakhstan.
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Consumer sentiment plunged this month as Americans became more concerned about the health of the economy.
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The savings rate is the percentage of money taken from personal income and saved.
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Light & Wonder, PENN Entertainment, and Luckin Coffee are the top consumer discretionary stocks for best value, fastest growth, and most momentum, respectively.
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Many of these banks have a Main Street presence, but their private banking divisions cater to their wealthiest customers.
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The International Petroleum Exchange (IPE) was a London-based exchange for futures and options on several energy-related commodities.
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Elon Musk said he picked a Twitter CEO, a move that could allow him to focus more on Tesla, which on Friday was forced to recall more than 1.1 million vehicles in China.
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Averages for every fixed-rate mortgage type dropped for a second day, with the 15-year average giving up almost a quarter point to sink to a four-week low.
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Whole life insurance is permanent life insurance that pays a benefit upon the death of the insured and is characterized by level premiums and a savings component.
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The Dow 30 is a stock index comprised of 30 large, publicly-traded U.S. companies that acts as a barometer of the U.S. stock market and economy.
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Both the Chicago Board Of Trade (CBOT) and Chicago Mercantile Exchange (CME) are futures exchanges, but how do these exchanges differ from each other?
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Accidental death and dismemberment (AD&D) insurance covers the accidental death or the accidental loss of a limb. Learn how it works.
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Recent troubles in the banking system could very well lead to a “full-blown financial crisis” on par with the Great Financial Crisis, business leaders say.
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Wealthfront and Vanguard Personal Advisor Services are both great robo-advisors. But Wealthfront is the better option, in most cases, unless you are a sophisticated investor.
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Philanthropy and charitable giving are important to many clients, though philanthropic vehicles are logistically complex.
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The Russell 3000 Index measures the performance of the largest 3,000 U.S. companies
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Linda Yaccarino wordt de nieuwe baas van Twitter, heeft Elon Musk vrijdag aangekondigd. Yaccarino is groot geworden in de wereld van de tv-reclame en werkte hiervoor bij mediabedrijf NBC Universal. Samen met haar gaat Musk werken aan "X , de alles-app".
( 4
min )
Vier op de tien woningcorporaties leggen huurders met een hoger (midden)inkomen een extra huurverhoging op. blijkt uit een rondgang van de Woonbond. Volgens de vereniging komen sommige huurders door de hogere woonlasten maar lastig rond.
( 4
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De problemen waardoor ING-klanten vrijdagmiddag niet konden inloggen, zijn inmiddels verholpen. Ze kunnen nu weer bij Mijn ING inloggen en geld overmaken.
( 3
min )
De levering en plaatsing van zonnepanelen zorgen voor steeds meer juridische conflicten. Malafide bedrijven maken misbruik van de grote vraag, maar leveren zelden goed werk af. Zo worden bepaalde onderdelen niet geleverd en ontstaat er schade aan daken, met lekkages tot gevolg.
( 4
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De waarde van de grootste cryptomunt bitcoin zakte vrijdagochtend naar zo'n 26.200 dollar (iets meer dan 24.000 euro). Het is de laagste koers sinds 17 maart.
( 3
min )
Het is voor de zoveelste keer in een paar maanden mis bij ING. Klanten melden problemen met de app, waardoor ze niet kunnen inloggen of geld kunnen overmaken. De bank erkent dat er problemen zijn.
( 3
min )
Bard, de ChatGPT-concurrent van Google, komt voorlopig nog niet naar Europa. Deze week kondigde het bedrijf aan dat Bard in 180 landen beschikbaar zal komen, maar daar zaten nog geen Europese landen bij. Op termijn brengt Google Bard wel uit in Europa, belooft topman Sundar Pichai.
( 3
min )
Het toezicht op de honderd grootste Europese banken is niet goed genoeg. De Europese Centrale Bank neemt niet snel genoeg beslissingen, is niet consequent en is te soepel voor banken die te veel risico nemen, vindt de Europese Rekenkamer.
( 4
min )
Wie dit jaar binnen Europa op vakantie gaat, zal niet ontkomen aan stijgende voedselprijzen. Inflatie raakt ook onze favoriete vakantiebestemmingen. Maar wie strategisch tankt en koffie drinkt, kan toch nog wat besparen op vakantie.
( 6
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Sander Schimmelpenninck en Eline Hintzen, achterkleindochter van Frits Philips, zoeken uit wat er is overgebleven van de nalatenschap van de familie Philips. Samen bezoeken ze het landgoed De Wielewaal en duiken ze in het privéarchief van de familie. Dit is de eerste aflevering en de komende weken zie je iedere donderdag om 17.00 uur een nieuwe aflevering op NU.nl.
( 3
min )
Philips heeft een schikking van 62 miljoen dollar (57 miljoen euro) getroffen met Amerikaanse autoriteiten vanwege vermeende corruptie in China. Het concern, dat zich tegenwoordig vooral richt op medische technologie, zou bijvoorbeeld ziekenhuismanagers hebben beïnvloed om te kiezen voor Philips-apparatuur.
( 3
min )
In de eerste vier maanden van dit jaar gingen in totaal 955 bedrijven op de fles. Dat is ruim anderhalf keer zoveel als in dezelfde periode vorig jaar. Dat blijkt uit cijfers van statistiekbureau CBS.
( 3
min )
Wie dit jaar binnen Europa op vakantie gaat, zal niet ontkomen aan stijgende voedselprijzen. Inflatie raakt ook onze favoriete vakantiebestemmingen. Maar wie strategisch tankt en koffie drinkt, kan toch nog wat besparen op vakantie.
( 5
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Overall, TD Ameritrade is the better option. However, buy-and-hold investors who value simplicity over bells and whistles may still prefer Vanguard despite limitations.
( 23
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ACH and wire transfers are two ways to send money electronically. Here’s how they work and how to decide which is better for your purposes.
( 27
min )
Comprehensive and collision auto insurance provides coverage for physical damage to your vehicle, but they work in different ways. Learn how they compare.
( 25
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Disney drags Dow down more than 200 points, while consumer staples stocks Coca-Cola and Walmart move higher.
( 16
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Markets finished mixed on Thursday, May 11, 2023, as Disney streaming subscribers and PacWest deposits fell, sending their shares tumbling.
( 16
min )
Peloton shares fell close to 9% on Thursday after recalling 2.2 million bikes because of a faulty seat assembly.
( 16
min )
Applying for a car loan likely will lower your credit score, but making on-time payments over the life of the loan will actually boost your credit score in the long term.
( 23
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Another facet of pre-pandemic life is making its long-awaited, and for many, dreaded, comeback: the process for restarting student loan payments will begin by the end of June, a top Biden Administration official said.
( 16
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Once you’ve made the final payment on your loan, you can get the title from your lender, and become the full owner of your car. Learn how the process works.
( 23
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More Americans chose real estate over stocks, gold, savings accounts, CDs, or bonds when asked what they believed was the best long-term investment, according to a Gallup poll.
( 16
min )
After climbing for four days, mortgage rates took a notable turn downward with the 30-year average easing after almost returning to 7% territory.
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With Industrias Penoles leading the pack, these are the 10 biggest silver mining companies by 12-month trailing revenue.
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The standard deviation is a statistic measuring the dispersion of a dataset relative to its mean and is calculated as the square root of the variance.
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What happened to all the money that lower-income households saved up during the pandemic? The answer, surprisingly, may be that much of it still hasn’t been spent.
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Only one-third of small businesses offer employee retirement plans, providing an opportunity for those that do to lure top-notch job candidates in a tight labor market.
( 17
min )
Mother's Day greeting cards and jewelry will cost nearly 10% more this year, thanks to inflation. Shoppers can also expect price increases for flowers and cosmetics.
( 16
min )
Robinhood Markets (HOOD) shares are advancing as the online retail brokerage reported better-than-expected financial results, and said it's expanding services including enabling 24-hour trading.
( 17
min )
Marfrig Global Foods, Cal-Maine Foods, and e.l.f. beauty are top for value, growth, and momentum, respectively.
( 20
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Wholesale prices rose less than expected last month, the second straight report this week suggesting inflation is moderating.
( 17
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Wondering How to Become an Independent Finacial Advisor? Here are some things to consider.
( 26
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PacWest shares fell more than 25% after the struggling regional bank reported deposit outflows of 9.5% last week, reigniting concerns about the health of the bank.
( 16
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Applying for a car loan likely will lower your credit score, but making on-time payments over the life of the loan will actually boost your credit score in the long term.
( 23
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There are options to get your car back after title loan repossession. These include paying off the loan, reviving the existing loan, or buying the car at auction.
( 23
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The Bank of England raised interest rates in the U.K. to their highest level in 15 years Thursday as the central bank tries to bring some of Western Europe’s stickiest inflation to bear.
( 18
min )
The FDIC voted 3-2 in favor of a "special assessment" to replenish its deposit insurance fund after the collapse of Silicon Valley Bank and Signature Bank in March.
( 19
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Facebook (Meta) had one of the largest and most anticipated IPOs in history on May 18, 2012, but it failed to meet expectations. A NASDAQ glitch cost investors.
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Finding the right match can make a large impact in your financial future.
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SEC Commissioner Hester Peirce said Congress needs to decide who regulates cryptocurrencies while advocating for clear yet less stringent rules for tokens.
( 18
min )
Understand the basics of the stochastic oscillator and how analysts and traders use this measure of trend momentum to predict impending reversals.
( 17
min )
Zimmer Biomet Holdings Inc and Nordic American Tankers are top stocks for EPS and revenue growth, respectively.
( 21
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By Exec Edge Editorial Staff Getaround Inc. (NYSE: GETR) said it plans to buy all of the assets of HyreCar Inc., which offers car rentals for gig-economy drivers, for $9.45 million. The acquisition is expected to accelerate Getaround’s “path to profitability,” the car-sharing company said. The deal is expected to close on Tuesday. “HyreCar created […]
( 38
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Tesla investors have perceived Musk's role at Twitter as a distraction that prevented him from focusing on the car company.
( 23
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Last trading at $10.26, Beyond Meat's stock has slumped from highs of over $239 in the months following its July 2019 initial public offer, among Wall Street's hottest listings that year. Beyond Meat also said it has entered an equity distribution agreement with Goldman Sachs to sell up $200 million worth of its shares, or equivalent to about 30% of its market cap after Thursday's drop. Goldman Sachs analyst Adam Samuelson has a "sell" rating on Beyond Meat's stock, according to Refinitiv.
( 39
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(Bloomberg) -- Carl Icahn’s holding company authorized a buyback equaling almost 27% of its shares trading on the open market, potentially boosting the stock price as the financier feuds with a short seller.Most Read from BloombergJamie Dimon Says US Needs to 'Finish' the Bank CrisisTurkey Markets Rally as Candidate Withdraws Days Before VoteDimon Jabs at Trump on Debt Ceiling, Says JPMorgan Has War RoomTraders Embrace Bonds as Recession Angst Builds: Markets WrapFamily Builds $900 Million Brazi
( 40
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Tesla Inc. CEO Elon Musk has never been one to hold back his opinions, even when it comes to legendary investor and Berkshire Hathaway Inc. founder Warren Buffett. Don't Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families In a candid 2020 interview with The New York Times, Musk didn’t mince words when he discussed Buffett’s image. “He has managed to create a great image for himself as a kindly grandfather, which is maybe
( 40
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JPMorgan Chase (JPM) CEO Jamie Dimon says the unresolved debt ceiling situation could wreak havoc on the stock market.
Dimon said on Bloomberg television that if a debt ceiling agreement isn’t reached, it would be “potentially catastrophic,” adding that as a government default on credit draws close
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Brazil's state-run oil company Petrobras said on Thursday it will pay dividends of 1.893577 reais per share, totaling 24.7 billion reais ($4.94 billion). The company will pay a first installment to shareholders on August 18, while the second will be paid on September 20. ($1 = 5.0033 reais)
( 38
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Rosenblatt analyst Hans Mosesmann reiterates Nvidia Corp (NASDAQ: NVDA) with a Buy and a $320 price target. The analyst expects Nvidia to meet or slightly beat April quarter and July quarter outlook expectations on data center Hopper H100 ramp, solid Gaming trends (Ada Lovelace), and stable networking (NICs, switching, and DPUs). He sees Nvidia driving the biggest technology inflection the world may have seen in transformational AI everywhere and in everything. Jensen’s AI vision is openly playi
( 38
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Shares of beer maker Anheuser-Busch InBev stock are down again as a conservative boycott continues to loom over the company.
( 22
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Charlie Munger, Warren Buffett's right-hand man, spent $1,000 on oil royalties in 1962. He now receives 70 times that amount from them each year.
( 39
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If the U.S. defaults, Zillow says, mortgage rates could reach 8.4% by September.
( 40
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“People always look at the financial deal. Forget the financial deal ... it's a lot of work,” Dimon told Bloomberg Thursday about buying beaten down banks.
( 41
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Polestar became the latest electric-vehicle manufacturer to cut its forecast for 2023 deliveries on Thursday, sending its stock down 11%.
( 27
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(Bloomberg) -- The US Supreme Court upheld California’s new humane-pork law, rejecting an industry challenge in a ruling buttressing the power of states to impose rules that have a broad economic impact on other parts of the country.Most Read from BloombergHedge Funds Drive Credit Suisse CDS Higher on Bets of a PayoutSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimAbu Dhabi Royal’s Firm Shorts US Stocks on Global Recession FearsJamie Dimon Says US Needs to 'Finish' the Bank
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The U.S. came perilously close to default in 2011.
( 39
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The Japanese tech investor said it was ready to go on the offensive again with its eye on artificial-intelligence companies after cashing in almost its entire stake in Alibaba.
( 27
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Investors will get an 0.9% fixed rate plus the inflation rate over the life of the savings bonds.
( 22
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Shares of beer maker Anheuser-Busch InBev stock are down again as a conservative boycott continues to loom over the company.
( 22
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Now that Iger knows what drives subscriber growth and what doesn't, he wants to thin out the bloated library of content on his loss-making streaming platforms.
( 40
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(Bloomberg) -- Short seller Hindenburg Research hit out again at Carl Icahn’s investment firm, saying the famed corporate raider failed to disclose enough in response to questions raised in its critical report. Most Read from BloombergSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimHedge Funds Drive Credit Suisse CDS Higher on Bets of a PayoutUS Inflation Shows Signs of Moderating, Giving Fed Room to PauseTreasuries Advance After CPI; Stocks Edge Higher: Markets WrapFamily B
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With the rise of ChatGPT, AI (artificial intelligence) has been generating an enormous amount of buzz this year, based on the tech’s potential to impact so many facets of everyday life and the way we interact with the world around us. But is it really a seismic development or just overhyped tech? Billionaire entrepreneur Mark Cuban falls resolutely in the former camp. Having recently waded in on the conversation, Cuban has said the tech’s potential is “beyond anything I’ve ever seen,” comparing
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The sportswear brand ended its partnership with Kanye West last year over the rapper's antisemitic comments, leaving it with more than $1 billion worth of unsold stock.
( 26
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JPMorgan Chase & CO CEO Jamie Dimon said on Thursday bank staff are meeting weekly to discuss the potential implications for clients, contracts and markets of a potential U.S. default. While he does not expect that potentially "catastrophic" outcome, it will likely convene daily "war room" to discuss a potential default as the U.S. government get closer to running out of cash to pay its obligations, he said.
( 38
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The Beverly Hills-based bank said the majority of the 9.5% deposit decline occurred on May 4 and May 5 after news reports that PacWest was exploring all of its options and holding talks with potential investors and partners.
( 22
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The projections for the solvency of Social Security a decade from now are not good. And if something isn't done, the trust funds for Old-Age and Survivors Insurance (OASI) and the combined Old-Age and Survivors Insurance and Disability Insurance (OASDI) … Continue reading → The post Would You Pay an Extra Tax to Save Social Security? Here's What Experts Think appeared first on SmartAsset Blog.
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If I give $50,000 in cash to a charity, does that lower my taxable adjusted gross income (AGI) by $50,000? So if my adjusted gross income was $100,000, and I gave $50,000 to charity, is my taxable income now $50,000? … Continue reading → The post Ask an Advisor: Help Me Understand the Math. How Does Donating to Charity Reduce My Taxes? appeared first on SmartAsset Blog.
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As you build a retirement nest egg, there are many investment options to choose from. An annuity is one option that provides a guaranteed retirement income that can serve as a cornerstone for any financial plan. However, understanding exactly how … Continue reading → The post How Much Does a $250,000 Annuity Pay? appeared first on SmartAsset Blog.
( 40
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KeyBanc analyst Aleksey Yefremov upgraded shares of Albemarle and Livent to Buy from Hold.
( 26
min )
The euro initially fell during the trading session on Thursday as we continue to see a lot of volatility in the Forex markets.
( 39
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JD.com's first-quarter earnings beat expectations. The company said CEO Lei Xu will retire in June for personal reasons.
( 22
min )
Electric vehicle costs are coming down, but not fast enough to help the two automakers, argues Wells Fargo analyst Colin Langan. He has a point.
( 26
min )
The Beverly Hills-based bank said the majority of the 9.5% deposit decline occurred on May 4 and May 5 after news reports that PacWest was exploring all of its options and holding talks with potential investors and partners.
( 22
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Zimmer Biomet Holdings Inc and Nordic American Tankers are top stocks for EPS and revenue growth, respectively.
( 21
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So far this month, PacWest shares have lost nearly 40%. During the week ended May 5, deposits declined about 9.5%, the bank said, adding the majority of those outflows happened on May 4 and May 5 after news reports said PacWest was exploring options. But at the end of the first quarter, PacWest had $341.7 million in cash and cash equivalents, which it said would be sufficient to fund cash flow needs over the next 12 months.
( 38
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JD.com's first-quarter earnings beat expectations. The company said CEO Lei Xu will retire in June for personal reasons.
( 22
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Executives and directors at U.S. banks ranging from giants such as U.S. Bancorp to tiny Byline Bancorp are scooping up more shares.
( 22
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Healthcare has had the greatest earnings growth of any sector since the mid-1980s. Why Pfizer and Stryker are two favorite stocks of the Jensen Quality Growth fund.
( 23
min )
A Starlink IPO could raise billions of dollars and give Musk another source of funds outside of Tesla stock.
( 32
min )
(Bloomberg) -- The chief executive of what will become the world’s third-biggest lithium producer says the new company will focus on building a supply chain in the Americas, as US automakers look for non-Chinese sources of the electric vehicle-battery metal.Most Read from BloombergSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimUS Inflation Shows Signs of Moderating, Giving Fed Room to PauseItaly Intends to Exit China Belt and Road Pact as Ties SourTreasuries Advance After C
( 39
min )
Bitcoin fell on Thursday morning in Asia to trade around the US$27,500 mark. Ether led the losers in the top 10 non-stablecoin cryptocurrencies.
( 40
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Elon Musk zegt dat hij een vervanger voor zichzelf heeft gevonden als hoogste baas bij Twitter. De miljardair blijft zelf als voorzitter en eindverantwoordelijke voor technologie werkzaam in het bestuur van het bedrijf.
( 4
min )
Schiphol heeft in de meivakantie ongeveer 1,1 miljoen vertrekkende passagiers verwerkt. Dat leidde niet tot grote problemen omdat er duizend nieuwe beveiligers zijn aangenomen.
( 3
min )
Het verbod op tijdelijke huurcontracten komt er toch, maar wel met een aantal uitzonderingen. Vorige maand ontstond er ruzie in de Tweede Kamer over de nieuwe wet. Het CDA zoekt nu de middenweg en heeft de strijdbijl met initiatiefnemers PvdA en CU begraven.
( 5
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Sander Schimmelpenninck en Elinze Hintzen, achterkleindochter van Frits Philips, zoeken uit wat er is overgebleven van de nalatenschap van de familie Philips. Samen bezoeken ze het landgoed De Wielewaal en duiken ze in het privéarchief van de familie. Dit is de eerste aflevering en de komende weken zie je iedere donderdag om 17.00 uur een nieuwe aflevering op NU.nl.
( 3
min )
Sander Schimmelpenninck en Elinze Hintzen, achterkleindochter van Frits Philips, zoeken uit wat er is overgebleven van de nalatenschap van de familie Philips. Samen bezoeken ze het landgoed De Wielewaal en duiken ze in het privéarchief van de familie. Dit is de eerste aflevering en de komende weken zie je iedere donderdag om 17.00 uur een nieuwe aflevering op NU.nl.
( 3
min )
Microsoft en Call of Duty-maker Activision Blizzard mogen geen aandelen van elkaar kopen zolang het beroep tegen het overnameverbod in behandeling is. Dat heeft de Britse toezichthouder CMA donderdag bepaald. De softwaregigant wil de gameontwikkelaar overnemen voor 69 miljard dollar (63,3 miljard euro).
( 4
min )
Pornosite xHamster gaat in beroep tegen de uitspraak over illegale naaktbeelden. Dat bevestigt de advocaat van xHamster tegenover NU.nl. De rechtbank van Amsterdam bepaalde een maand geleden dat de website alle video's moet verwijderen waarvoor ze geen aantoonbare toestemming heeft gekregen.
( 5
min )
De Europese Unie is van plan om nieuwe belastingen in te voeren. Het gaat onder meer om een grensbelasting en een heffing op cryptomunten en financiële transacties. Die inkomsten zijn nodig om uitgaven voor het coronaherstelfonds, defensie en duurzaamheid te kunnen doen.
( 4
min )
De Britse centrale bank heeft het belangrijkste rentetarief verhoogd naar 4,5 procent om de torenhoge inflatie in het Verenigd Koninkrijk tegen te gaan. Het is de twaalfde verhoging op rij.
( 3
min )
Zo'n 125.000 schoonmakers en glazenwassers in ons land krijgen een loonsverhoging van in totaal 6,25 procent dit jaar en nog eens 8,5 procent in 2024 bovenop hun lopende cao. Werkgeversclub Schoonmakend Nederland en de vakbonden hopen op deze manier het koopkrachtverlies van de werknemers te compenseren.
( 3
min )
Het spoorpersoneel in Duitsland legt zondagavond voor vijftig uur het werk neer om een betere cao af te dwingen. Het gaat om een staking in het regionale, langeafstands- en goederenverkeer. Deutsche Bahn verwacht "enorme verstoringen" in Duitsland en over de grens.
( 4
min )
De gemiddelde huurprijs is in het eerste kwartaal van dit jaar verder gedaald. Hoewel de prijzen in de vrije huursector zijn gezakt, zijn in eerste drie maanden van dit jaar minder mensen naar een huurwoning verhuisd dan een jaar eerder.
( 3
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Het spoorpersoneel in Duitsland legt zondagavond voor vijftig uur het werk neer om een betere cao af te dwingen. Het gaat om een staking in het regionale, langeafstands- en goederenverkeer. Deutsche Bahn-bestuurder Martin Seiler vindt dat de vakbond zich onredelijk opstelt.
( 3
min )
De prijs voor gas is de afgelopen dagen verder gezakt. Voor een megawattuur betalen handelaren nu minder dan 35 euro. Eind 2021 was gas voor het laatst zo goedkoop.
( 4
min )
Het Europees Parlement heeft donderdag voor het eerst gestemd over de aanstaande AI-wet. Het voorstel is door een grote meerderheid goedgekeurd. Toch duurt het nog een tijdje voordat de Europese regels in werking treden.
( 4
min )
KLM moet de komende maanden vluchten schrappen. Het gaat om een "beperkt aantal" vluchten met de Cityhopper-toestellen, die binnen Europa vliegen.
( 3
min )
ING heeft zijn nettowinst bijna verviervoudigd in het eerste kwartaal van dit jaar. Net als ABN AMRO, dat woensdag al zijn resultaten presenteerde, heeft het financiële concern flink geprofiteerd van de gestegen rente.
( 4
min )
De hogere prijzen voor eten en drinken waren in april de belangrijkste oorzaak van de inflatie. Het leven was vorige maand 5,2 procent duurder dan een jaar eerder. Vooral de dure boodschappen waren daar debet aan.
( 3
min )
De hogere prijzen voor eten en drinken waren in april de belangrijkste reden voor de inflatie. Uit cijfers van statistiekbureau CBS blijkt dat het leven vorige maand 5,2 procent duurder was dan een jaar eerder en vooral de dure boodschappen waren daar debet aan.
( 3
min )
Shares in Walt Disney dropped 2.4% after hours with the company reporting a 4M drop in Disney+ subscribers, and a modest earnings beat.
( 16
min )
See how the top nationwide rates on high-yield savings accounts are trending. Our rate data is checked daily for almost 100 financial institutions.
( 17
min )
The U.S. Federal Reserve sounded the alarm on commercial real estate (CRE), highlighting the risks of high exposure to the sector among some of the nation’s banks.
( 18
min )
Salesforce led a tech march in the Dow, while American Express and Visa fell on consumer credit worries.
( 17
min )
A means test is a formula that qualifies an individual or household for assistance or other benefits.
( 19
min )
The Senior Citizens League estimates that the 2024 COLA could be 3.1%, plunging from a four-decade high of 8.7% this year.
( 16
min )
Referrals can get financial advisors more clients and increase revenues.
( 22
min )
Mortgage rates moved generally higher for a fourth consecutive day, including a bump in the flagship 30-year average that almost returns it to 7% territory.
( 19
min )
Avoid these pitfalls when working with high credit limits, and learn how to increase your credit score by increasing your credit limit responsibly.
( 22
min )
Google's AI push comes with enhanced features for search, maps and photo editing as well as an expansion to 180 countries with over 40 languages.
( 17
min )
Investopedia and NY1 are teaming up on a series of biweekly updates tracking the health of New York City’s economy, highlighting the best and worst-performing areas of New York's housing, tourism, leisure and hospitality metrics. areas of New York's housing, tourism, leisure and hospitality metrics.
( 18
min )
These 11 entrepreneurs turned their ideas into thriving businesses that have transformed industries from high tech to medicine to fashion design.
( 25
min )
Even in the wake of bank failures that have diminished the funds that backstops deposit insurance, the average bank customer shouldn’t worry too much, experts say.
( 20
min )
Icahn Enterprises confirmed federal investigation, sending shares down 20%
( 17
min )
Professional ethics in the financial services profession can be confusing. Here are some ways to ensure you are getting the best advice.
( 26
min )
Calculating the percentage gain of an investment is easy. Here is what you need to know to determine gain or loss.
( 23
min )
Term life insurance is a guaranteed life benefit paid to beneficiaries of the insured after death.
( 28
min )
If you received unemployment compensation or a tax refund, you might get Form 1099-G. Find out what it is, why you received one, and more.
( 25
min )
Daqo New Energy, Rumble, and Tingo Group lead the pack for value, growth, and momentum, respectively.
( 21
min )
Four major players slice and dice your mortgage in the secondary mortgage market.
( 22
min )
Learn more about Morgan Stanley's operations and how it makes money.
( 21
min )
Inflation, which has been in retreat for months, barely budged in April as price increases for housing, gas, and vehicles kept the overall rise in the cost of living too high for comfort.
( 16
min )
Many traders are moving to become algorithmic traders but struggle with the coding of their trading robots. Learn here the fundamentals of algorithmic trading.
( 22
min )
Administered by the Federal Reserve, the Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) is a quarterly survey of domestic institutions and foreign institutions operating in the United States.
( 20
min )
Commercial real estate (CRE) loans are becoming expensive and harder to get for landlords, while increasing delinquencies could be a problem for regional banks with disproportionate CRE exposure.
( 18
min )
An investment time horizon is the time an investment is held until sold. Discover the best investments for short, medium, and long-term investment horizons.
( 23
min )
Marketing refers to the activities of a company associated with buying, advertising, distributing, or selling a product or service.
( 29
min )
Cost of goods sold (COGS) is defined as the direct costs attributable to the production of the goods sold in a company.
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min )
Return on investment (ROI) is a performance measure used to evaluate the efficiency of an investment or compare the efficiency of several investments.
( 26
min )
Entrepreneurs create new businesses, taking on all the risks and rewards of their company. Learn about entrepreneurship and the challenges facing entrepreneurs.
( 37
min )
(Bloomberg) -- Beyond Meat Inc. seeks to raise as much as $200 million in an equity offering as the plant-based burger maker contends with falling sales and a decline in cash reserves. Most Read from BloombergSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimItaly Intends to Exit China Belt and Road Pact as Ties SourTucker Carlson’s Twitter Move Wipes $235 Million From RumbleUS Inflation Shows Signs of Moderating, Giving Fed Room to PauseTreasuries Advance After CPI; Stocks Ed
( 40
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HSBC is downgrading Anheuser-Busch InBev to hold following the Bud Light "crisis" involving a marketing campaign featuring transgender activist Dylan Mulvaney.
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Sales of other Anheuser-Busch brands, including Michelob Ultra, Busch Light and Natural Light, have also taken a hit.
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The U.S. Federal Reserve sounded the alarm on commercial real estate (CRE), highlighting the risks of high exposure to the sector among some of the nation’s banks.
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(Bloomberg) -- Topgolf Callaway Brands Corp. tumbled by the most since October 2020 on Wednesday after the company cut its profit forecast for the year, signaling that interest in golf is cooling following a pandemic-fueled surge.Most Read from BloombergSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimItaly Intends to Exit China Belt and Road Pact as Ties SourTucker Carlson’s Twitter Move Wipes $235 Million From RumbleUS Inflation Shows Signs of Moderating, Giving Fed Room to
( 39
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Two companies that were both partly founded by Peter Thiel reported their first quarter results, namely PayPal Holdings Inc (NASDAQ: PYPL) and Palantir Technologies Inc (NYSE: PLTR). Palantir shares catapulted on Tuesday after CEO outlined plans to capitalize AI boost, while PayPal increased its outlook for the year but its increased profitability was mostly the result of cost cutting, including staff cuts. PayPal’s Raised Profit Expectations Were Eclipsed By Adjusted Margin Guidance With its fi
( 40
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(Bloomberg) -- The US federal government’s budget surplus for April was down 43% from a year ago, thanks to a slide in tax revenues for the month that annual household filings are due.Most Read from BloombergSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimUS Inflation Shows Signs of Moderating, Giving Fed Room to PauseItaly Intends to Exit China Belt and Road Pact as Ties SourVanguard’s Trillion-Dollar Man Leads a Fixed-Income RevolutionTrump Liable for Sex Abuse, Must Pay $
( 38
min )
(Bloomberg) -- Argentina’s fight to prevent its problematic currency from a total meltdown is leaving the central bank, by some estimates, broke.Most Read from BloombergSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimUS Inflation Shows Signs of Moderating, Giving Fed Room to PauseItaly Intends to Exit China Belt and Road Pact as Ties SourVanguard’s Trillion-Dollar Man Leads a Fixed-Income RevolutionTrump Liable for Sex Abuse, Must Pay $5 Million to CarrollThe South America n
( 39
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When deliberating whether to settle its defamation lawsuit against Fox for $787.5 million in April, the CEO of Dominion Voting Systems and his partner saw the figure as “a very big price to put on truth and journalism and probably not a bad precedent,” Dominion head John Poulos said Wednesday. Poulos, Dominion’s co-founder and chief executive, spoke about his experience settling the historic lawsuit during an interview at the Sir Harry Evans Global Summit in Investigative Journalism in London. Dominion sued Fox News and parent company Fox Corp in 2021 over the network’s coverage of false vote-rigging claims about the voting technology firm.
( 39
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Facing a federal probe over practices at his investment company, activist investor Carl Icahn went on the attack against the short seller that likely spurred the inquiry.
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Arvind Krishna thinks A.I. will become integral to many office tasks.
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Icahn Enterprises said the U.S. Attorney for the Southern District of New York requested information on a range of issues, including valuation and governance.
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Managers with relatively low exposure to tech heavyweights might be kicking themselves right about now.
( 22
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Microsoft CEO Satya Nadella told staff in an email Wednesday that the company will not be supplying raises to salaried staff due to macroeconomic conditions.
( 39
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(Bloomberg) -- Icahn Enterprises LP, under pressure from a short seller, fell as much as 20% after disclosing that the US Attorney’s office for the Southern District of New York had reached out seeking information. Most Read from BloombergSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimItaly Intends to Exit China Belt and Road Pact as Ties SourVanguard’s Trillion-Dollar Man Leads a Fixed-Income RevolutionUS Inflation Shows Signs of Moderating, Giving Fed Room to PauseTrump L
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Nationwide retail sales of Budweiser and Bud Light are down both year to date and over the four-week period ended April 29—in contrast to the industry and peers.
( 22
min )
A lawyer for Gamble said her client filed a sexual harassment complaint that led to the firing of NBCUniversal chief Jeff Shell.
( 38
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The Federal Reserve announced another 25 basis point rate hike last week, bringing the federal funds rate to its highest level since 2007. But according to DoubleLine Capital Founder Jeffrey Gundlach, this should mark the end of the U.S. central bank’s hawkish stance. “The Fed will not raise rates again,” he said in a tweet. This is not the first time for Gundlach to predict that the Fed will pivot. “I predict the Federal Reserve will be cutting rates substantially soon,” he said in a tweet in M
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Companies can allocate their funds in various ways to create shareholder value. But in the eyes of legendary investor Warren Buffett, one method stands out above all others. “If you do it at the right price, there’s nothing better than buying in your own business,” the Berkshire Hathaway CEO said during his company’s annual shareholders meeting in 2022. Buffett was referring to stock buybacks. Basically, a company can repurchase its own shares from the open market, effectively reducing the numbe
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According to Microsoft's Work Trend Index, the labor force needs to start working on their A.I. skills immediately or risk being left behind.
( 40
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(Bloomberg) -- Costa Rica’s days of living beyond its means and running up reckless amounts of debt are over, said the nation’s president, whose fiscal turnaround is winning over currency and bond traders.Most Read from BloombergSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimItaly Intends to Exit China Belt and Road Pact as Ties SourUS Inflation Shows Signs of Moderating, Giving Fed Room to PauseVanguard’s Trillion-Dollar Man Leads a Fixed-Income RevolutionTrump Liable for
( 39
min )
Toyota’s new management said it would add billions of dollars in spending to reach electric-vehicle targets, as it seeks to make up lost ground.
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Swedish Orphan Biovitrum AB (OTC: BIOVF) has agreed to acquire CTI BioPharma (NASDAQ: CTIC) for $9.10 per share of common stock in an all-cash transaction, representing an implied equity value of approximately $1.7 billion. The transaction price represents an 89% premium to CTI's closing share price on May 9, 2023, and a 95% premium to its 30-trading day volume-weighted average price of $4.67. The transaction will diversify Sobi's portfolio of hematology medicines through CTI's lead product, Von
( 39
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The videogame platform reports a first-quarter loss that was wider than a year earlier and wider than analysts expected.
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No matter what your personal view is on celebrity endorsements, there’s no denying that their support can significantly boost the visibility of a product. That is the point after all in getting a well-known figure in some promotional activities. But what happens when the chosen celebrity happens to be the wrong fit? Well, Anheuser-Busch can tell you all about that. The Bud Light-owner decided to run a promotional push for the beer by bringing on board transgender ‘influencer’ Dylan Mulvaney, who
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min )
EU antitrust regulators are set to approve Microsoft Corp's $69 billion acquisition of Activision next week, with May 15 as the likeliest date, people familiar with the matter said. The European Commission's imminent clearance comes nearly three weeks after the UK competition authority blocked the deal, the biggest-ever deal in gaming, over concerns it would hinder competition in cloud gaming. The EU antitrust enforcer is expected to clear the acquisition after Microsoft agreed to licensing deals with cloud streaming rivals including Nvidia, Ukraine's Boosteroid and Japan's Ubitus, other people with direct knowledge of the matter told Reuters in March.
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Why does a financial advisor get a fee of 1% or more? That seems really high. If my return is only 4% (for example, in dividends), I am giving away 25% of my return, which is even worse with a … Continue reading → The post Ask an Advisor: ‘I Am Giving Away 25% of My Return.' Why Does a Financial Advisor Earn a 1% Fee, Even in a Bear Market? appeared first on SmartAsset Blog.
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After beginning the year at record levels, global events have caused market volatility to jump and equities to fall. The S&P 500 Index is experiencing its first major correction since 2020, so investors are understandably looking to safeguard their assets. … Continue reading → The post Schwab Says This Can Double Your Retirement Savings appeared first on SmartAsset Blog.
( 39
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If you came into an extra $40,000, how would you use it? It might be tempting to put that money into something instantly gratifying, like a vacation. But for some, it may be wiser to use those funds to invest … Continue reading → The post How to Invest $40,000: 7 Smart Investments appeared first on SmartAsset Blog.
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A recent study from the career experts Zety says that 40% of respondents fear retirement more than death. And almost nine in 10 responded that their biggest retirement fear is not having enough income. For married couples, planning retirement for two people can … Continue reading → The post Average Retirement Savings for Married Couples By Age appeared first on SmartAsset Blog.
( 40
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U.S. consumer prices increased in April on higher gasoline costs and rents, while underlying inflation remained strong as used motor vehicle prices rebounded, potentially ensuring that the Federal Reserve keeps interest rates elevated for a while. The Consumer Price Index (CPI) rose 0.4% last month after gaining 0.1% in March, the Labor Department said on Wednesday. In the 12 months through April, the CPI increased 4.9% after advancing 5.0% on a year-on-year basis in March.
( 38
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The all-new Ranger pickup will help Ford extend its leadership in the lucrative truck segment around the world.
( 22
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Twilio expects second-quarter revenue of between $980 million and $990 million, which is below analysts' expectations.
( 22
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Carl Icahn's investment firm Icahn Enterprises LP on Wednesday reported a quarterly loss as volatility in markets hit investment returns. Net loss attributable to Icahn Enterprises was $270 million, or 75 cents per depositary unit, for the quarter ended March 31, compared with a profit of $323 million, or $1.06 per depositary unit, a year earlier.
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The San Mateo, California-based company, which uses AI to verify and process loans quickly, said it would receive the capital from new and existing partners over the next 12 months, helping the firm navigate an economic slowdown. A sharp drop in demand for new loans because of high interest rates and fears of a slowdown has hammered shares of Upstart, erasing 82% of their value in the past 12 months.
( 39
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Swedish Orphan Biovitrum will buy CTI for $9.10 a share as it looks to expand its rare hematology portfolio.
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If Congress doesn't opt to raise or extend the nation's debt limit, the United States may run out of the money needed to pay its bills. With this deadline approaching as early as June 1, SmartAsset asked financial advisors what they think … Continue reading → The post Financial Advisors Reveal How Investors Should Prepare for Potential U.S. Debt Default – 2023 Survey appeared first on SmartAsset Blog.
( 39
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(Bloomberg) -- Allkem Ltd. will combine with fellow lithium producer Livent Corp. to create a company with a valuation of $10.6 billion, the latest deal in a sector that’s benefiting from surging EV demand.Most Read from BloombergItaly Intends to Exit China Belt and Road Pact as Ties SourSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimTrump Liable for Sex Abuse, Must Pay $5 Million to CarrollVanguard’s Trillion-Dollar Man Leads a Fixed-Income RevolutionGeorge Santos Faces Cr
( 40
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Shifting travel patterns by consumers in a post-pandemic world are forcing airlines to guess at what is the "new normal" as they seek to adjust by cutting flights, revamping networks and packing even more passengers into planes. Citi analyst Stephen Trent said. Travel demand has also softened on days in the middle of the week, but has strengthened on peak days.
( 40
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Chevron Corp's renewed oil operations in Venezuela begin a new phase next month that will boost production with the goal of accelerating a plan to recover all of the $3 billion of debt owed by the OPEC member by the end of 2025, four people close to the matter said. Washington in November issued a six-month, automatically renewing license to the U.S. oil company to revive largely dormant operations in Venezuela and resume crude exports to the U.S. under an exemption to sanctions on the South American country. To back up its license application, Chevron last year signed an oil-for-debt swap with Venezuela's state-run PDVSA.
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Australian lithium miner Allkem Ltd has inked an agreement to acquire U.S.-based chemical manufacturing firm Livent Corp in a deal that will create a $10.6 billion entity, the two companies announced on Wednesday. Following the transaction, Allkem will own 56% of the new firm, with the remaining stake going to Livent. Allkem shareholders are set to receive the right to one share of a new public holding company for each existing Allkem share, while Livent shareholders will receive 2.406 shares in the new firm for each existing Livent share.
( 39
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Upstart forecasts revenue and adjusted earnings for the second quarter ahead of analysts' expectations. The company also says it secured long-term funding agreements.
( 22
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Upstart stock surges after an upbeat outlook and progress on funding, Twilio's revenue forecast misses analysts' expectations, and Airbnb tumbles on cautious second-quarter guidance.
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History shows that utilities and other defensive sectors fare best. And investors can scoop up attractive yields on short-term Treasuries.
( 22
min )
Morgan Stanley has previously warned of the worst earnings recession since 2008 to hit stocks, which could send the S&P 500 tumbling by mid-year.
( 39
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(Bloomberg) -- Hopes for a much-needed boost in Chinese tech shares from earnings is likely to fizzle as signs grow that the the nation’s post Covid recovery is losing steam.Most Read from BloombergVanguard’s Trillion-Dollar Man Leads a Fixed-Income RevolutionTrump Liable for Sex Abuse, Must Pay $5 Million to CarrollSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimItaly Intends to Exit China Belt and Road Pact as Relations SourGeorge Santos Faces Criminal Charges by US Justic
( 40
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(Bloomberg) -- Coupang Inc., the South Korean e-commerce giant backed by SoftBank Group Corp., reported better-than-expected revenue growth after spending to expand and lock in customer demand during an online shopping slowdown. Most Read from BloombergVanguard’s Trillion-Dollar Man Leads a Fixed-Income RevolutionTrump Liable for Sex Abuse, Must Pay $5 Million to CarrollItaly Intends to Exit China Belt and Road Pact as Relations SourSteve Schwarzman Holds Off Giving Money to DeSantis After Meeti
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min )
Drie van de vijf grootste vliegvelden in Nederland hebben vorig kwartaal meer reizigers dan voor de coronacrisis verwerkt, maar dat gold niet voor Schiphol. Daar bleven de aantallen achter doordat moest worden gesneden in het aantal vluchten vanwege personeelstekorten. Dat blijkt uit cijfers van statistiekbureau CBS.
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Vorig jaar zijn 2,2 miljoen Nederlanders het slachtoffer geworden van online criminaliteit, meldt Statistiekbureau CBS donderdag. Oplichting en fraude kwamen het vaakst voor. Maar er werden ook veel mensen het slachtoffer van hacken, bedreiging en intimidatie.
( 3
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Flitsbezorgers mogen zich in Amsterdam alleen nog maar vestigen op bedrijventerreinen en niet meer in woongebieden. De gemeenteraad stemde woensdag in met een bestemmingsplan daarover.
( 4
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Starters kochten in de eerste drie maanden van dit jaar meer woningen dan een jaar eerder. Vooral in de grote steden wisten jonge huizenkopers terrein te winnen. Dat blijkt uit cijfers van het Kadaster.
( 5
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Google heeft woensdag voor het eerst een eigen vouwbare telefoon gepresenteerd. De Pixel Fold vouwt open als een boek en kost 1.899 euro. Ook de smartphone Pixel 7A werd gepresenteerd.
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min )
Google heeft woensdag eindelijk bekendgemaakt welke plannen het bedrijf heeft met kunstmatige intelligentie (AI). Zo komen er grote veranderingen voor de zoekmachine, wordt de chatbot Bard beschikbaar voor iedereen en krijgen bestaande diensten zoals Gmail en Maps nieuwe AI-functies.
( 4
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De plannen van het kabinet voor een nieuw systeem voor bijna gratis kinderopvang zullen niet veranderen, ook al wordt de invoer ervan met twee jaar uitgesteld. Ook betekent het geen afstel. Dat drukte minister Karien van Gennip (Sociale Zaken) bezorgde Kamerleden woensdag op het hart tijdens een Kamerdebat.
( 3
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Hoe houden we kunstmatige intelligentie (AI) onder controle? In Brussel wordt al twee jaar gewerkt aan regels die het gebruik van AI in goede banen moeten leiden. Maar het duurt nog even voordat de richtlijnen er zijn, terwijl de ontwikkelingen elkaar in rap tempo opvolgen.
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Heineken kreeg vorige maand een dwangsom opgelegd omdat het nog blikjes produceerde zonder statiegeld erop. Maar omdat de bierbrouwer zijn productieproces snel aanpaste, hoeft het die dwangsom niet te betalen, meldt inspectiedienst ILT.
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Drie bedrijven die eiproducten produceren maakten verboden prijsafspraken en kochten zo hun eieren jarenlang extra goedkoop in. Daar zijn kippenboeren de dupe van geweest. De inkopers krijgen nu boetes van toezichthouder ACM (Autoriteit Consument & Markt).
( 3
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Vanaf september 2024 is het mogelijk om in een echt bed te slapen tijdens een lange vliegreis. Luchtvaartmaatschappij Air New Zealand biedt volgend jaar stapelbedden aan waarin passagiers een gedeelte van de vlucht kunnen slapen.
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Amerikaanse banken hebben in de eerste drie maanden van dit jaar samen 80 miljard dollar (73 miljard euro) winst gemaakt. Dat is een derde meer dan vorig jaar en tevens een record. Dat terwijl er veel onrust in de sector was en inmiddels zelfs drie banken zijn omgevallen.
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Onderzoekers hebben vorig jaar 51.369 websites met de ernstigste vorm van kindermisbruik gevonden. Dat is een verdubbeling in vergelijking met 2020. Bijna een derde van deze websites staat op Nederlandse servers.
( 4
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Albert Heijn-moederbedrijf Ahold Delhaize zal de prijzen van verschillende producten in de winkels in ons land zo snel mogelijk verlagen als dat mogelijk is. Dirk van den Broek heeft de prijzen van meer dan tweehonderd producten zelfs verlaagd en bevroren.
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De Europese Commissie heeft fouten gemaakt toen ze de financiële steun goedkeurde voor luchtvaartmaatschappij Lufthansa door de Duitse regering. Dat verklaart het Europees Hof van Justitie woensdag.
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Onderzoekers hebben vorig jaar 51.369 websites met de ernstigste vorm van kindermisbruik gevonden. Dat is een verdubbeling in vergelijking met 2020. Bijna een derde van deze websites staat op Nederlandse servers.
( 4
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Ahold Delhaize heeft de verkopen in het afgelopen kwartaal zien stijgen. Wel kampt het supermarktconcern met gestegen bedrijfskosten en stakingen.
( 3
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ABN AMRO heeft afgelopen kwartaal geen last gehad van de onrust op de financiële markten. De bank boekte in de eerste drie maanden van dit jaar een forse winst en profiteerde van de opgelopen rente. Daardoor lukte het hogere marges te pakken op spaargeld dat bij de bank werd gestald.
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Turkije maakt zich op voor mogelijk de cruciaalste verkiezingen sinds de stichting van de republiek honderd jaar geleden. Het land kampt ondertussen met een torenhoge inflatie en tegenvallende economische groei. Het is de vraag of het onorthodoxe beleid van de Turkse president Recep Tayyip Erdogan vruchten afwerpt.
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Earnings before interest and taxes (EBIT) indicate a company's profitability and are calculated as revenue minus expenses, excluding taxes and interest expenses.
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Markets fell on May 9, 2023, as discussions over lifting the U.S. debt ceiling took place and ahead of fresh inflation numbers.
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Intel leads the Dow lower with layoff announcements, but Boeing’s big deal provides promise for more production from the aircraft maker.
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American homebuyer confidence rose by the most in two years this April, according to Fannie Mae data, as many would-be buyers expect mortgage rates to decline over the next year.
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Goldman Sachs, Deloitte, Cboe Global Markets, Microsoft (MSFT) and fintech firm Digital Asset have teamed up to create a blockchain network for institutional crypto assets.
( 17
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Most mortgage averages moved moderately higher, with the 30-year average again flirting with the 7% threshold, and jumbo 30-year rates jumping to a 12-year peak.
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A fully indexed interest rate is defined as an adjustable interest rate which is pegged at a set margin above some reference rate, such as LIBOR.
( 20
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Crypto exchange seeks Chapter 11 protection after losing half its active users in wake of shutdown of U.S. operations.
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A transfer agent keeps records of who owns a publicly traded company's stocks and bonds. They also ensure investors receive dividends on time.
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There are three legally mandated reasons why a broker needs your personal information: suitability, record-keeping, and AML regulation.
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Sam Bankman Fried urged a U.S. district court in Manhattan to dismiss charges against him, alleging that FTX debtors are working with the U.S. government against him.
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By asking the right questions, listening, and building trust, investors and their financial advisors can get the most out of their relationship.
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Direct participation programs, a new alternative investment class, are gaining steam. Here's what advisors and investors need to know.
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Form 4506 is an IRS document that is used to request exact copies of prior years' tax returns.
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The rule of 72 is a mathematical shortcut used to predict when a population, investment, or other category will double in size for a given rate of growth.
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Buying or selling a home can be the most major financial transaction of your life. Here's how to choose the right real estate broker or agent.
( 25
min )
Financing grad school can be a daunting task. Learn about the different options to help pay for your graduate degree, including scholarships, grants, and loans.
( 22
min )
A deductible is what you pay before a car insurance company provides coverage for damage or loss. Learn how deductibles in car insurance work.
( 22
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These are the Russell 3000 stocks with the highest forward dividend yield for May.
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Discover the elements that define Facebook, whose over 2 billion monthly active users cement the company as the world's top social media outlet.
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"This year, our focus really is to execute," Plug Power chief executive Andy Marsh told analysts Tuesday. "Our primary goal is to achieve revenue of $1.4 billion."
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The 'buy now, pay later' company posted a loss of $205.7 million, or 69 cents a share, for the quarter, topping expectations by analysts surveyed by FactSet.
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Bay Area bankers are pulling in the reins on lending, some even before the March 10th collapse of Silicon Valley Bank
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(Bloomberg) -- Occidental Petroleum Corp. redeemed $647 million, or about 6.5%, of Berkshire Hathaway Inc.’s preferred stock as the oil company begins paying back Warren Buffett four years after he helped finance its acquisition of Anadarko Petroleum Corp. Most Read from BloombergVanguard’s Trillion-Dollar Man Leads a Fixed-Income RevolutionTrump Liable for Sex Abuse, Must Pay $5 Million to CarrollSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimItaly Intends to Exit China Be
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Just a few weeks after reporting its fifth consecutive quarter of falling sales and the second consecutive quarter of losses which was also the largest loss in its history, Intel Corporation (NASDAQ: INTC) is the latest to announce a new round of job cuts, joining Meta Platforms (NASDAQ: META), Alphabet Inc (NASDAQ: GOOG)(GOOGL) and other tech giants who took a hit to their bottom lines and also opted to trim their workforce in response to poor macroeconomic conditions. But, Intel still believes
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By Exec Edge Editorial Staff Dutch Bros Inc. (NYSE: BROS) coffee chain reported a 30% rise in first quarter sales and reiterated its full-year guidance. Joth Ricci, Chief Executive Officer of Dutch Bros, stated, “We also saw meaningful margin expansion, driven by significant improvements in labor efficiency and G&A leverage. We doubled down in our […]
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Tuesday evening, Rivian reported a per-share loss of $1.77 from $661 million in sales. Wall Street was looking for a loss of $1.62 a share from about $664 million in sales.
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Akamai's first-quarter results topped guidance, and the second-quarter outlook topped previous Wall Street estimates.
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Oil and gas producer Occidental Petroleum Corp's first-quarter profit missed analysts' estimates on Tuesday, as oil prices eased amid concerns of a slowdown in global economic growth The Houston-based company posted adjusted earnings of $1.09 per share for the quarter, compared with analysts' estimates of $1.24 per share, according to Refinitiv data.
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(Bloomberg) -- In a market where conflicting views abound, two major Wall Street trading desks agree on one thing: US stocks will rally on any soft inflation print Wednesday that could pave the way for the Federal Reserve to halt its tightening campaign.Most Read from BloombergVanguard’s Trillion-Dollar Man Leads a Fixed-Income RevolutionGoldman to Pay $215 Million to End Case on Underpaying WomenTrump Liable for Sex Abuse, Must Pay $5 Million to CarrollItaly Intends to Exit China Belt and Road
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min )
The company expects production ramp up of its in-house Enduro powertrains to help offset parts supply issues in the second half of the year, enabling it to meet its smaller-than-estimated target of manufacturing 50,000 units. Tesla Inc has cut prices globally this year as part of its recession playbook to increase sales volumes, pressuring smaller EV players that started deliveries just about a year ago. Amazon-backed Rivian said in March it would sell $1.3 billion in convertible green bonds due in 2029 to shore up its cash balance.
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The basketball star was served last month after a three-month chase, according to tweets from the law firm involved in the case.
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The stock, last trading at $66.45, was set to record its lowest closing price since October 2017. PayPal late on Monday estimated adjusted operating margin expansion of 100 basis points this year, compared with its earlier forecast of 125-basis-point growth. PayPal said in January it was cutting 7% of its workforce, or about 2,000 employees, joining several technology companies that have eliminated thousands of jobs this year.
( 38
min )
Advanced Micro Devices, Inc. (AMD) keep pressing higher in 2023, jumping 47%. One chart tells the story: big appetite for the shares.
( 39
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A Delaware judge on Tuesday dismissed a shareholder class action seeking to hold Jack Dorsey and other board members at Block Inc liable for approving the payments company's purchase of Jay-Z's streaming service Tidal. Chancellor Kathaleen McCormick in Delaware Chancery Court said the Florida pension fund leading the case did not show that Block's directors acted in bad faith though the purchase it "seemed, by all accounts, a terrible business decision." Once known as Square, Block agreed in March 2021 to pay $306 million for an 87.5% stake in Tidal.
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min )
Insider's Phil Rosen dives into the housing market and what declining new home listing means for buyers and sellers.
( 39
min )
Yields on one- and two-month US Treasurys have spiked recently, with Congress struggling to end the debt-ceiling deadlock.
( 38
min )
The 60/40 portfolio is a staple among savvy investors. Made up of 60% stocks and 40% bonds, it tends to deliver solid returns while attenuating risk. But after the 60/40 portfolio's dismal 2022 returns, investors can't be blamed if they're … Continue reading → The post The 60/40 Portfolio: Alive, Dead or Somewhere In Between? appeared first on SmartAsset Blog.
( 39
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The payments company expects Braintree, its unbranded payment-processing business, to drive more growth.
( 22
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(Bloomberg) -- Oil pared losses after the Biden administration announced it was canceling some 140 million barrels of previously mandated sales and would begin replenishing strategic reserves later this year.Most Read from BloombergVanguard’s Trillion-Dollar Man Leads a Fixed-Income RevolutionGoldman to Pay $215 Million to End Case on Underpaying WomenItaly Intends to Exit China Belt and Road Pact as Relations SourWorld’s Biggest Pulp Producer Considers Trading With China in YuanStocks Bogged Do
( 38
min )
How much money can I give to my son and daughter-in-law without incurring a tax issue with the IRS? -Irwin For 2023, you can give your son and daughter-in-law each $17,000 without having to deal with the IRS. But even … Continue reading → The post Ask an Advisor: I Want to Give Money to My Son and Daughter-in-Law. How Much Money Can I Give Away Without ‘Incurring a Tax Issue With the IRS?' appeared first on SmartAsset Blog.
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PayPal stock, down more than 11% in midday trading, was weighing on the Nasdaq Composite Tuesday.
PayPal (ticker: PYPL) reported first-quarter sales and earnings per share that beat expectations, but the company said that its profit margin will expand at a slower pace than previously expected. That
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Cash usage, production, and demand will be in focus. The first-quarter earnings season for electric-vehicle start-ups has been downbeat so far.
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Online retailer looks to cut delivery costs.
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(Bloomberg) -- Saudi Aramco already shells out a dividend that’s worth more than payouts from the next five largest global payers combined. That gap is now set to widen.The firm’s payouts to the Saudi government and other investors — $75.8 billion last year and the highest of any listed firm — could increase by more than $20 billion in 2023, according to Bloomberg Intelligence. That extra payout alone would be equivalent to Microsoft Corp.’s estimated annual dividend. And while Apple Inc. may be
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Not so long ago, those keeping a tab on the trends of the 21st century had touted data as ‘the new oil.’ But now, Elon Musk has presented an alternative perspective, stating that lithium batteries should be considered as ‘the new oil.’ In fact, taking the analogy to its logical conclusion, on Monday, Musk was in oil-rich Texas to break ground on a lithium refinery Tesla intends to construct in Corpus Christi. The EV leader plans on splashing out $375 million on the facility so it can produce mor
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Our investments were $450,000 and are now $250,000. How much do I lose before I cash in investments? -Liz I'm sorry that you've experienced such a significant financial loss. I know that can be stressful and scary as you wonder whether … Continue reading → The post Ask an Advisor: Our Investment Portfolio Fell From $450K to $250K. Should I Cash in My Investments? appeared first on SmartAsset Blog.
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Nikola reported lower-than-expected sales, and the maker of electric and fuel-cell trucks announced a strategic change Tuesday morning.
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Novavax is cutting about a quarter of its workforce as the COVID-19 vaccine maker seeks to slash expenses while dealing with uncertain future revenue. The company said Tuesday that it expects to trim next year’s costs for research and development as well as selling, general and administrative expenses by about 40% to 50% compared to 2022. Novavax’s protein-based vaccine debuted long after alternatives from companies like Pfizer, Moderna and Johnson & Johnson had reached the market.
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Nikola will get $35 million in cash and 20.6 million of its shares from ending a joint venture with Europe’s Iveco Group, but ties remain. The post Nikola cashes out European JV and refocuses on fuel cells at home appeared first on FreightWaves.
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Social Security benefits can provide you with a stream of retirement income that is reliable. Deciding when to take benefits is an important question, especially if you're married and hope to qualify for spousal benefits. If you're already taking Social … Continue reading → The post Rules for Switching Social Security Benefits appeared first on SmartAsset Blog.
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Medicaid can pay for long-term care if you meet its means-testing restrictions. The federal-state program is designed to help only people of limited financial means. However, people with more substantial assets can use three different strategies to shield those assets … Continue reading → The post 3 Ways to Protect Assets from Medicaid appeared first on SmartAsset Blog.
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Let's say you want to retire early, at age 55. Is $5 million enough to achieve your goal? While the cost of living varies from place to place, a nest egg this size would likely give more than enough money for … Continue reading → The post Is $5 Million Enough to Retire at 55? appeared first on SmartAsset Blog.
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Buying the most hated stocks on Wall Street isn't always a bad idea. Here are 19 disliked stocks to consider.
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The funds aren’t completely risk-free right now because Congress hasn’t raised or suspended the nation's roughly $31 trillion debt ceiling.
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The hydrogen fuel-cell technology company lost 35 cents a share in the first quarter, while Wall Street had expected a loss of 26 cents.
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Investors have focused at cash reserves at Nikola and other EV makers amid fears that slowing sales could push the companies to pursue more share sales to raise funds. "At the end of May, we plan to pause truck production as we convert the line to accommodate both hydrogen fuel cell and battery electric trucks on the same line and will resume production in July with the first saleable hydrogen fuel cell trucks," Nikola said.
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The electric-vehicle charging company lost 18 cents a share from $25.3 million in sales. Wall Street expected a 19-cent loss from $27.3 million in sales.
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The sportswear company reported fiscal fourth-quarter earnings of 18 cents a share on revenue of $1.4 billion. Wall Street was looking for 15 cents on $1.36 billion.
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(Bloomberg) -- PacWest Bancorp shares fell on Tuesday, leading some peers lower in early trading as the hard-hit regional bank stock resumed its decline. Most Read from BloombergGoldman to Pay $215 Million to End Case on Underpaying WomenPowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebatePolice Raid Consulting Firm as China Starts Anti-Spy CampaignVanguard’s Trillion-Dollar Man Leads a Fixed-Income R
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These are the Russell 3000 stocks with the highest forward dividend yield for May.
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The Covid-19 vaccine manufacturer is aiming to sharply reduce costs as it hopes to bring new shots to the market.
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The Texas plant will make the electric vehicles manufacturer the only North American car maker to refine its own lithium.
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Fisker expects to produce 32,000 to 36,000 vehicles in 2023, below its previous guidance.
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The California-based company now expects between 32,000 and 36,000 units to be produced in 2023, compared with its previous target of 42,400 cars. For the second quarter, the company expects to produce between 1,400 and 1,700 vehicles.
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PacWest's decision to slash its quarterly dividend sent shivers through lenders.
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Iveco Group will buy full ownership of its joint venture with U.S. start-up Nikola Corp which develops battery electric and fuel cell heavy-duty trucks, the Italian truck maker said on Tuesday. With the move, Iveco loosens ties with troubled Nikola, after forming the joint venture in 2019 to help the Italian group, then part of CNH Industrial and a latecomer to electrification, catch up with large European rivals such as Daimler Truck and Volvo.
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CEO Dan Schulman said the company could see high-single-digit revenue growth.
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Chip gear maker Skyworks Solutions Inc's shares tumbled 9.8% in premarket trading after projecting its current-quarter revenue and earnings short of estimates. Investors were hopeful of Skyworks' earnings following Apple Inc's strong quarterly showing on Thursday, but global smartphone sales have been suffering from weak demand. Shares of other Apple suppliers including Qualcomm and Qorvo fell 0.5% and 1.6%, respectively.
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The technology company's shares were set to rise almost 20% on Tuesday but Wall Street analysts see reason for caution.
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House prices fell 0.3pc in April, following a 0.8pc rise in March, according to a mortgage lender Halifax.
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(Bloomberg) -- Benchmark rates for oil-carrying supertankers have collapsed by three-quarters as OPEC+ follows through on a surprise vow to slash supply to shore up prices, reducing volumes shipped across the world’s oceans.Most Read from BloombergPowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffGoldman to Pay $215 Million to End Case on Underpaying WomenTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateWhy Airfares, Hotels and Cars Are Getting So
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(Bloomberg) -- Chinese financial stocks extended their recent rally, as traders continued to bet on policy support for state-run firms to help regain momentum in a market faced with renewed growth concerns. Most Read from BloombergPowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateWhy Airfares, Hotels and Cars Are Getting So Expensive for AmericansGoldman Shells Out $215 Million to End Case on Underp
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Buffett and Munger are wary of owning bank stocks, predict pain in commercial real estate, and don't plan to acquire Occidental Petroleum.
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The funds aren’t completely risk-free right now because Congress hasn’t raised or suspended the nation's roughly $31 trillion debt ceiling.
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China's imports contracted sharply in April, while exports grew at a slower pace, reinforcing signs of feeble domestic demand despite the lifting of COVID curbs and heaping pressure on an economy already struggling in the face of cooling global growth. Government officials have repeatedly warned of a "severe" and "complicated" external environment in the wake of mounting recession risks for many of China's key trading partners. Analysts say cooling global growth pointed to a longer road to recovery for the Asian giant after Beijing abruptly ended tough COVID curbs in December.
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NEW YORK (Reuters) -Sam Bankman-Fried, who has long denied stealing from customers of his FTX cryptocurrency exchange, on Monday asked a U.S. judge to throw out criminal charges against him over the now-bankrupt FTX's collapse. In a filing in Manhattan federal court, Bankman-Fried's lawyers said several of the charges failed to properly state an offense. Bankman-Fried, a 31-year-old former billionaire, has largely been confined to his parents' home since his December arrest in the Bahamas, where he had lived and where FTX was based.
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(Bloomberg) -- Charles Schwab Corp. started hedging interest rate-related risk this year, according to a regulatory filing on Monday.Most Read from BloombergPowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateWhy Airfares, Hotels and Cars Are Getting So Expensive for AmericansMitch McConnell Warns He Has No ‘Secret Plan’ to Solve US Debt ImpasseUber Really Needs Lyft to Stay in the Rideshare RaceThe c
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(Bloomberg) -- Palantir Technologies Inc. expects to be profitable every quarter this year and described demand for its new artificial intelligence products as “without precedent.” The stock climbed as much as 20% in the first minutes of extended trading Monday.Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebatePowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffWhy Airfares, Hotels and Cars Are Getting So Expensive for America
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Despite the strong jobs numbers for April, the overall economic outlook heading toward the second half of the year remains grim. Against a backdrop of elevated interest rates and recent bank failures, the odds of a recession hitting later this year are up to 64%. It’s an environment almost tailor-made to keep investors nervous – and looking for ‘recession proof’ sectors. In a recent report from JPMorgan, analyst Bill Peterson sees just such an opening in the aluminum sector. Peterson has taken a
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Het aantal webshops is voor het eerst groter dan het aantal reguliere winkels. De laatste jaren zijn er steeds meer online winkels bij gekomen, waardoor er in Nederland nu ruim 84.000 zijn. Dat zijn er 2.000 meer dan bakstenen winkels, blijkt uit cijfers van statistiekbureau CBS.
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De aandeelhouders van Philips zijn niet blij met de manier waarop het medisch technologiebedrijf vorig jaar gerund werd. Tijdens de jaarvergadering stemde een grote meerderheid tegen het verlenen van decharge. Dat betekent dat de aandeelhouders de bestuurders verantwoordelijk houden voor het beleid dat vorig jaar gevoerd werd.
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Budgetvlieger Ryanair heeft bij Boeing 150 vliegtuigen besteld, met een aanvullende optie voor nog eens 150 toestellen. Het is de grootste order die Ryanair ooit heeft geplaatst.
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De drieduizend werknemers in de distributiecentra van Albert Heijn krijgen een loonsverhoging van 10 procent. Na dagenlange stakingen zijn de supermarktketen en de vakbonden dinsdag tot een nieuwe cao gekomen.
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Autofabriek VDL Nedcar in Born ligt ook woensdag en donderdag stil. Het personeel zal nog eens twee dagen staken, omdat de vakbonden nog geen reactie van de bedrijfsdirectie hebben gekregen.
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Personeel van Britse bedrijven zou op feestjes en borrels minder alcohol moeten drinken. Dit moet ongepast gedrag en intimidatie bij zulke bijeenkomsten voorkomen, schrijft BBC News op basis van een onderzoek.
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De Amerikaanse zakenbank Goldman Sachs heeft in een langlopende rechtszaak over de ongelijke betaling van mannen en vrouwen een schikking van 215 miljoen dollar (196 miljoen euro) getroffen. Maar liefst 2.800 vrouwelijke medewerkers hadden een zaak aangespannen vanwege systematische onderbetaling.
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Woonkracht10 heeft cybercriminelen losgeld betaald na een aanval die eind april plaatsvond. De Zwijndrechtse woningcorporatie heeft afspraken gemaakt met de aanvallers om te zorgen dat ze gestolen data verwijderen.
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Autofabriek VDL Nedcar in Born ligt ook woensdag en donderdag stil. Het personeel zal nog eens twee dagen staken, omdat de vakbonden nog geen reactie van de bedrijfsdirectie hebben gekregen.
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Nintendo verkocht in het afgelopen jaar bijna achttien miljoen Switch-spelcomputers. Dat zijn er 22 procent minder dan een jaar eerder. Eerder wees Nintendo op chiptekorten, maar ook de populariteit van de Switch is tanende.
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Europese toezichthouders zijn steeds kritischer op investeringen door Chinese bedrijven. Zo zijn diverse overnames in de techsector en de infrastructuur vorig jaar geblokkeerd. Daardoor is het totaalbedrag aan Chinese investeringen gedaald tot het laagste punt in bijna tien jaar.
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De Amerikaanse zakenbank Goldman Sachs heeft in een langlopende rechtszaak over de ongelijke betaling van mannen en vrouwen een schikking van 215 miljoen dollar (196 miljoen euro) getroffen. Maar liefst 2.800 vrouwelijke medewerkers hadden een zaak aangespannen vanwege systematische onderbetaling.
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Twitter gaat accounts die al meerdere jaren niet zijn gebruikt opruimen. Door deze maatregel zullen veel twitteraars volgers kwijtraken.
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Personeel van Britse bedrijven zou op feestjes en borrels minder alcohol moeten drinken. Dit moet ongepast gedrag en intimidatie bij zulke bijeenkomsten voorkomen, schrijft BBC News op basis van een onderzoek.
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DSM en het Zwitserse Firmenich zullen definitief samensmelten tot één bedrijf. Daarmee komt er een einde aan het zelfstandige Nederlandse chemiebedrijf dat is voortgekomen uit De Nederlandse Staatsmijnen.
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Tesla bouwt een eigen fabriek die lithium gaat produceren. De autofabrikant trekt 375 miljoen dollar (341 miljoen euro) uit voor de fabriek, die in de Amerikaanse staat Texas komt te staan.
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Twitter gaat accounts die al meerdere jaren niet zijn gebruikt opruimen. Door deze maatregel zullen veel twitteraars volgers kwijtraken.
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LinkedIn gaat 716 banen schrappen. Dat komt neer op 3,5 procent van het totale personeelsbestand. Het zakelijke sociale netwerk verwacht een zwakkere economische groei en wil daarom kosten besparen.
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Met nieuwe binnenkomer Negin Mirsalehi telt Quote's lijst van de rijkste jonge selfmade miljonairs dit jaar vier in plaats van drie vrouwen. De drie allerrijkste Nederlanders onder de veertig jaar zijn dezelfde drie mannen als vorig jaar.
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Met nieuwe binnenkomer Negin Mirsalehi telt Quote's lijst van de rijkste jonge selfmade miljonairs dit jaar vier in plaats van drie vrouwen. De drie allerrijkste Nederlanders onder de veertig jaar zijn dezelfde drie mannen als vorig jaar.
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Netbeheerder Stedin wil dat provincies miljoenen euro's gaan investeren in een uitbreiding van het stroomnet in hun regio. In ruil daarvoor zouden ze dan een aandeel in de netbeheerder krijgen.
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Het landbouwakkoord laat voorlopig op zich wachten. Ondanks een ultimatum van boerenlobbyorganisatie LTO ligt er deze week hoogstwaarschijnlijk zelfs nog geen definitieve tekst van een onderhandelingsakkoord. LTO wijst de concepttekst af, laat zij maandag weten.
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Met nieuwe binnenkomers Negin Mirsalehi (foto) en Roemie Hillenaar telt Quote's lijst van rijkste jonge selfmade miljonairs dit jaar drie in plaats van vijf vrouwen. De drie allerrijkste Nederlanders onder de veertig jaar, zijn dezelfde drie mannen als vorig jaar.
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Day trading involves making dozens of trades in a single day, while swing trading involves holding positions over a period of days or weeks.
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Advisors can help clients experiencing grief by following these five tips.
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Retired securities have been repurchased by the issuer out of the company's retained earnings and canceled.
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U.S. equities indexes were little changed on Monday, May 8, 2023, with crucial reports on inflation expected later in the week.
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Personal loan rates eased slightly for a second week, lowering the overall average by seven basis points.
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Disney tops the box office and the Dow with Guardians of the Galaxy, but bad press helped push 3M lower.
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Here's why it can be difficult to determine the risk to a company's EPS and financial condition resulting from an underfunded pension plan.
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Under a new proposal, airlines would have to pay for stranded travelers' expenses if the companies aren’t able to prevent some delays and cancellations.
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Fed's Loan Officer Survey Shows Credit Will Get Tighter in Coming Months
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The Thrift Institutions Advisory Council advised the Federal Reserve Board of Governors on the various needs and conditions of nonbank savings institutions.
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Berkshire Hathaway is a holding company for a multitude of businesses run by chair and CEO Warren Buffett.
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A home equity line of credit (HELOC) is a line of credit secured by equity you have in your home.
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President Joe Biden will meet with top Republican lawmakers at the White House on Tuesday in a showdown over the debt ceiling that is a uniquely American phenomenon.
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A value stock is a stock that tends to trade at a lower price relative to its fundamentals, making it appealing to value investors.
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A double top is an extremely bearish technical reversal pattern that forms after a stock makes two consecutive peaks.
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Learn about the marginal cost of production and marginal revenue and how the two measures are used together to determine the profit maximization point.
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This week’s cryptocurrencies to keep an eye on are Pepe (PEPE), FLOKI (FLOKI), Stacks (STX), WOO Network (WOO), and TRON (TRX).
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The Dow Jones Transportation Average is a price-weighted average of 20 transportation stocks traded in the United States.
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A futures strip is the buying or selling of futures contracts in sequential delivery months traded as a single transaction.
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It’s no surprise, sticky high inflation, rising rates, recession fears and more bank failures have spiked investor cautiousness to the highest levels seen this year, according to Investopedia’s latest survey of daily newsletter readers.
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Hyperledger is an open-source umbrella project that offers tools for developing and using blockchain systems and applications across industry sectors.
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Borrowers must pay up-front and annual mortgage insurance premiums on HECM reverse mortgages, but the insurance provides several consumer protections.
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Though most investors use standard deviation to determine volatility, there's an easier and more accurate way of doing it: the historical method.
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Learn about the SPY ETF (SPDR S&P 500 ETF Trust), its characteristics, and the suitability of investing in the fund.
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Robinhood's net losses are predicted to widen to $484 million as monthly active users falls by a quarter amid inflation, interest rate hikes, and falling asset prices.
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The minimum wage is a legally mandated price floor on hourly wages, below which nonexempt workers may not be offered a job or agree to work.
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Rates on most mortgages types climbed higher, in many cases by double digits. Among the gainers were jumbo 30-year loans, whose rate average hit a two-month high.
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Disney is projected to report strong earnings growth for the latest quarter as its streaming services gain more subscribers, led by its flagship Disney+ service.
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(Bloomberg) -- When March’s bank failures ignited a historic bond rally, few, if any, made more money than Josh Barrickman.Most Read from BloombergPowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateWhy Airfares, Hotels and Cars Are Getting So Expensive for AmericansMitch McConnell Warns He Has No ‘Secret Plan’ to Solve US Debt ImpasseUber Really Needs Lyft to Stay in the Rideshare RaceHis army of fun
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The analytics software company Palantir posted a second straight quarter of GAAP profits. As for AI efforts, CEO Alex Karp says: “The machine must remain subordinate to its creator."
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While a cost-of-living crisis has now begun to squeeze budgets, particularly of lower income households, consumer spending has remained remarkably steady in the face of a looming economic slowdown. The upbeat forecast echoes expectations of card giants Visa and Mastercard that have remained largely upbeat about spending volumes on pent-up travel demand and resilient consumer spending. The company said it now expects full-year adjusted profit to grow about 20% to $4.95 per share, above analysts' average estimate of $4.88 per share, according to Refinitiv IBES data.
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Shale oil producer Devon Energy on Monday topped Wall Street estimates for first-quarter profit on high demand for crude oil, and raised its share repurchase program by 50% to $3 billion. Energy companies have started boosting investor returns since last year with the excess cash they generated aided by higher crude prices. While crude price fell during the first quarter, nearly 20% lower compared to last year when prices soared to multi-year peaks following Russia's invasion of Ukraine, they were still high enough for producers to remain profitable.
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Volume was 21.4% lower in April, while the overall figure for parent Anheuser-Busch fell 12.5 % in the month, according to Beer Business Daily.
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TD agreed to buy First Horizon in February 2022 in a deal that would have created the sixth-largest U.S. lender. The banks said they expected to complete the transaction by January.
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The market is being buffeted by conflicting headwinds, making the pundits’ job harder. While inflation appears to be moderating, with the annualized rate down to 5% in March – the lowest since the summer of 2021 – the job market remains surprisingly robust. Last month, the BLS reported 253,000 new jobs, exceeding the predicted 180K, and an unemployment rate of just 3.4% compared to a forecast of 3.6%. The robust job numbers present a challenge for the Federal Reserve, which is tasked with managi
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(Bloomberg) -- Occidental Petroleum Corp. began buying back Berkshire Hathaway Inc.’s $10 billion of preferred stock, four years after Warren Buffett’s firm made the investment during the oil producer’s takeover of Anadarko Petroleum Corp. Most Read from BloombergPowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateWhy Airfares, Hotels and Cars Are Getting So Expensive for AmericansGoldman Shells Out $
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Toronto-Dominion Bank’s handling of suspicious customer transactions was behind regulators’ refusal to bless the Canadian lender’s $13.4 billion bid to buy First Horizon, people familiar with the matter said.
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US Treasury secretary Janet Yellen has warned that a failure by Congress to raise the debt ceiling in the coming weeks could lead to a “constitutional crisis.” According to Yellen, who made the comments during a May 7 appearance on ABC News’s This Week, the US could run out of cash as early as June 1.
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(Bloomberg) -- Expectations among US stock investors that the worst of pressures may have passed will likely be proven wrong as recession risk still looms, according to JPMorgan Chase & Co.’s Marko Kolanovic.Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebatePowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffFootball Stadiums Belong in the SuburbsBiden Trails Trump as His Approval Rating Hits Low in ABC PollWhy Airfares, Hotel
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(Bloomberg) -- Bill Gross, the former chief investment officer of Pacific Investment Management Co., recommended buying short-term Treasury bills, expecting the debt-ceiling issue eventually gets resolved. Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebatePowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffFootball Stadiums Belong in the SuburbsBiden Trails Trump as His Approval Rating Hits Low in ABC PollWhy Airfares, Hotels
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Stifel Market Strategist Barry Bannister says an environment friendly to growth and value stocks could seed an index rally in the second and third quarters.
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JPMorgan Chase fired Charlie Javice in November 2022. Now the bank must pay her legal fees, according to a Delaware Chancery Court ruling.
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Mortgage fees are changing under the new rules from the Biden administration’s Federal Housing Finance Agency. Because some borrowers with good credit may end up paying higher fees compared to those with lower credit scores, the change has sparked a discussion. Among the critics is Peter Schiff, CEO and chief global strategist at Euro Pacific Capital. During an interview posted on Schiff’s YouTube channel, the host shared his intention to buy a home but voiced concerns about getting punished if
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The Berkshire Hathaway investors shared their wisdom at the company's annual shareholder meeting—including how to succeed in life and avoid mistakes.
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The oil company is starting to rid itself of a source of high-cost financing, but Warren Buffett's company is likely to continue to benefit from it for years.
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The cloud-security company said it expects revenue for its third fiscal quarter to be higher than it had forecast.
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(Bloomberg) -- JPMorgan Chase & Co. must pay Frank founder Charlie Javice’s defense costs in its suit accusing her of defrauding in its $175 million acquisition of her college-loan-planning site.Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebatePowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffFootball Stadiums Belong in the SuburbsBiden Trails Trump as His Approval Rating Hits Low in ABC PollSingapore’s Soaring Rents Are Be
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The Berkshire Hathaway CEO is renowned for his stock-picking, but right now his favorite investment appears to be cash.
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A 5%T-bill is pretty attractive when equities appear expensive.
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Catalent anticipates a significant reduction to both its fiscal 2023 revenue and adjusted earnings before interest, taxes, depreciation and amortization guidance.
( 22
min )
The Tesla CEO was one of the many topics that came up at Berkshire Hathaway's annual meeting of shareholders in Omaha on Saturday.
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Every investor would naturally like to see the stocks that make up their portfolio show a consistent upward curve, but that, as everyone learns eventually, is just not the way it works. Peaks and troughs are part of the investing game, and even the stock market kings go through periods of serous pullbacks for one reason or another, be it macro developments or some news item that spooked investors. And every so often, despite sound fundamentals, the pendulum swings too far into negative terrain,
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A buyout consortium comprising Warburg Pincus and Advent International is in advanced talks to acquire Baxter International Inc's (NYSE: BAX) biopharma solutions business. BioPharma Solutions offers contract manufacturing services to the pharma and biotech industries. The deal value could reach or exceed $4 billion. Warburg Pincus and Advent have submitted the most attractive offer to Baxter in an auction that drew interest from other private equity firms and major players, including Thermo Fish
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The meat processor swung to a loss as it grappled with higher costs and flat revenue. Shares declined more than 10%.
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I'm holding $300,000 in cash that I plan to put into a new home. With the market as it is, I'm putting off that purchase for six to nine months. I'm 66 years old, single and plan to retire within … Continue reading → The post Ask An Advisor: Where Should I Stash Short-Term Savings? appeared first on SmartAsset Blog.
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A part-time job is like temporarily having a bigger nest egg while splurging on that luxury SUV will lower your spending for your entire retirement.
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Potential homeowners may feel left in the dust with recent increases in costs and interest rates. But with the right combination of factors in some U.S. cities, the costs of homeownership may actually be less than the cost of renting, … Continue reading → The post Buy vs. Rent: A Comparison of Housing Costs in U.S. Cities – 2023 Study appeared first on SmartAsset Blog.
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The number of tokens the regulator has labeled as securities almost tripled in 2022.
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(Bloomberg) -- Weight loss brand Jenny Craig has begun liquidating its operations in the US after efforts to ease a cash crunch fell short. Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebatePowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffFootball Stadiums Belong in the SuburbsBiden Trails Trump as His Approval Rating Hits Low in ABC PollBuffett Reaffirms Abel as Heir, Blames Bank Leaders for FailuresJenny C Holdings LLC an
( 38
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PepsiCo hires 2,000 U.S. graduates every year, says its CHRO.
( 39
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The Springdale, Ark.-based company posted a loss of $97 million in the period ended April 1, compared with net income of $829 million a year earlier.
( 26
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BioNTech's first-quarter revenue falls from a year earlier as demand for Covid-19 vaccines wanes but still tops analysts' estimates.
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Anheuser-Busch InBev is planning to help distributors feeling the sting of the controversy involving the beer giant's promotional effort with transgender activist Dylan Mulvaney.
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First-quarter earnings at the satellite and streaming video provider hit expectations but it lost more pay-TV subscribers than analysts had expected.
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The meat giant posts an adjusted loss of 4 cents a share in its fiscal second quarter, while analysts were expecting earnings of 79 cents.
( 22
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Bitcoin, Ether fell in Monday afternoon trade in Asia, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization. Polkadot and XRP led the losers in that list.
( 39
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(Bloomberg) -- Tyson Foods Inc. cut its outlook for meat sales this year as consumers switch to cheaper foods due to inflation.Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateFootball Stadiums Belong in the SuburbsPowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffBiden Trails Trump as His Approval Rating Hits Low in ABC PollBuffett Reaffirms Abel as Heir, Blames Bank Leaders for FailuresThe biggest US meat company in a Mon
( 38
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Stocks might be under pressure even if the U.S. economy avoids a downturn.
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(Bloomberg) -- Softer US macroeconomic data suggest that earnings trends will weaken in coming months, contrary to the expectations of most analysts, according to Morgan Stanley’s Michael Wilson, a staunch Wall Street bear.Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateFootball Stadiums Belong in the SuburbsPowell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC StandoffBiden Trails Trump as His Approval Rating Hits Low in ABC PollBuff
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Debt limit concern, Buffett shares investing advice, and other news to start your day.
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Disney is projected to report strong earnings growth for the latest quarter as its streaming services gain more subscribers, led by its flagship Disney+ service.
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min )
The European companies’ energy traders generate huge profits, but investors are mostly in the dark.
( 25
min )
Oil-and-gas companies boost shareholder returns and keep funds for when the boom goes bust.
( 27
min )
Warren Buffett tamps down speculation that Berkshire Hathaway, which owns 24% of Occidental Petroleum, wants to buy the entire company, while PacWest shares surge after the regional lender says it's reducing its dividend.
( 23
min )
Attendees at Berkshire Hathaway's annual meeting aimed to get a glimpse of Greg Abel, the conglomerate's designated CEO successor.
( 40
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(Bloomberg) -- Shares in Occidental Petroleum Corp. dropped in premarket trading after Warren Buffett said Berkshire Hathaway Inc. won’t make an offer for full control of the energy group, tempering speculation he was seeking to own the company after spending months snapping up its shares.Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateFootball Stadiums Belong in the SuburbsBiden Trails Trump as His Approval Rating Hits Low in ABC PollBuffett Reaffirms Abel
( 39
min )
(Bloomberg) -- PacWest Bancorp rose as much as 16% in premarket trading Monday, extending Friday’s brisk rebound and leading gains in US regional banks, after it slashed its quarterly dividend and said business remains “sound.”Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateFootball Stadiums Belong in the SuburbsBiden Trails Trump as His Approval Rating Hits Low in ABC PollBuffett Reaffirms Abel as Heir, Blames Bank Leaders for FailuresPowell’s Bet Against
( 39
min )
(Bloomberg) -- The rally in Chinese financial shares intensified on Monday, with some banks posting their biggest single-day gains since the country’s 2015 equity bubble after more lenders cut their deposit rates and further progress on state-owned enterprise reform boosted investor sentiment.Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateFootball Stadiums Belong in the SuburbsBuffett Reaffirms Abel as Heir, Blames Bank Leaders for FailuresBiden Trails Tru
( 38
min )
Warren Buffett addressed the banking turmoil, prospects for large acquisitions, and his hand-picked successor Greg Abel.
( 22
min )
(Bloomberg) -- Oil edged higher as investors assessed a complex outlook for global crude demand after a period of volatile trading and the dollar eased.West Texas Intermediate rose toward $72 a barrel after surging by more than 4% on Friday, when futures pared a steep weekly loss. While fears of a US recession and bank failures have rattled markets recently, pushing crude to the lowest intraday level since late 2021, physical demand signals suggest at least some of the recent weakness in prices
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min )
By Vlad Schepkov
( 39
min )
The window of opportunity to hammer out a deal is closing. Bond markets have jitters.
( 22
min )
Airfares and hotel room rates are soaring as the market for international trips booms. Several companies stand to benefit in a big way.
( 32
min )
(Bloomberg) -- Hedge funds supercharged bearish Treasury bets to historic levels just days before the US banking turmoil took a turn for the worse and spurred a stampede for the world’s safest assets.Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateFootball Stadiums Belong in the SuburbsBank Stocks Nearing a Crisis-Era Threshold Raises Warning SignBuffett Reaffirms Abel as Heir, Blames Bank Leaders for FailuresBiden Trails Trump as His Approval Rating Hits L
( 38
min )
(Bloomberg) -- Binance, the largest crypto exchange, temporarily paused withdrawals of Bitcoin for the second time in less than 12 hours, citing congestion on the token’s network.Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateBuffett Reaffirms Abel as Heir, Blames Bank Leaders for FailuresBank Stocks Nearing a Crisis-Era Threshold Raises Warning SignFootball Stadiums Belong in the SuburbsKimora Lee Says $93 Million US Wants From Tim Leissner Is HersThe ste
( 37
min )
(Bloomberg) -- The Chinese economy’s debt ratio reached a record high in the first quarter of the year, with bank loans to companies surging as the nation reopened from Covid Zero.Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateFootball Stadiums Belong in the SuburbsBuffett Reaffirms Abel as Heir, Blames Bank Leaders for FailuresBiden Trails Trump as His Approval Rating Hits Low in ABC Poll‘We Just Want Someone Sane’: What Happens When a Small Town Goes MAG
( 38
min )
(Bloomberg) -- Sea Ltd. said it is giving most employees a 5% pay increase after turning profitable, a milestone for the Singapore e-commerce and gaming company that slashed costs drastically during the technology industry’s downturn.Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateBuffett Reaffirms Abel as Heir, Blames Bank Leaders for FailuresBank Stocks Nearing a Crisis-Era Threshold Raises Warning SignFootball Stadiums Belong in the SuburbsKimora Lee Say
( 38
min )
Inwoners van Liechtenstein mogen binnenkort voor bepaalde overheidsdiensten in bitcoins betalen. Dat zegt premier Daniel Risch in een interview met de Duitse zakenkrant Handelsblatt.
( 3
min )
ING heeft de storing waardoor klanten maandagochtend geen geld konden overmaken naar eigen bankrekeningen, inmiddels verholpen. Door een storing waren niet alle rekeningen zichtbaar in internetbankieren en de ING-app.
( 3
min )
Luidsprekerproducent Sonos en techgigant Google staan maandag weer tegenover elkaar in de rechtszaal in San Francisco. Het is een nieuw hoofdstuk in het al jaren slepende juridische conflict tussen de twee bedrijven. Sonos eist een schadevergoeding van 90 miljoen dollar (81,5 miljoen euro).
( 4
min )
Chinese bedrijven die onderdelen aan het Russische leger leveren, komen op een Europese zwarte lijst. Dat schrijft Financial Times op basis van uitgelekte documenten.
( 3
min )
Als de lonen net zoveel stijgen als de inflatie, gaan de prijzen voor consumenten ook verder omhoog, waarschuwde DNB-president Klaas Knot zondag in Buitenhof. Vakbonden reageren fel. Ze vinden dat ondernemers genoeg vet op de botten hebben om de lonen te verhogen. Waar komt dit meningsverschil vandaan?
( 5
min )
Eind 2022 stond er in Nederland meer dan 6 gigawatt aan windmolens op land, blijkt uit de nieuwe Monitor Wind op land van Rijksdienst voor Ondernemend Nederland. Daarmee werd eindelijk de doelstelling van het energieakkoord uit 2013 gehaald.
( 3
min )
Klanten van ING hebben maandagmiddag opnieuw problemen met internetbankieren. Door een storing zijn niet alle rekeningen zichtbaar. Daardoor kunnen ze geen geld overboeken van een spaarrekening naar een betaalrekening.
( 3
min )
Als de lonen net zoveel stijgen als de inflatie, gaan de prijzen voor consumenten ook verder omhoog, waarschuwde DNB-directeur Klaas Knot zondag in Buitenhof. Vakbonden reageren fel. Ze vinden dat ondernemers genoeg vet op de botten hebben om de lonen te verhogen. Waar komt dit meningsverschil vandaan?
( 5
min )
Wie een spaarrekening bij SNS, RegioBank of ASN heeft, krijgt vanaf 15 mei een hogere rente. Daarmee volgt moederbedrijf de Volksbank zijn concurrenten Rabobank, ING en ABN AMRO.
( 3
min )
Hogwarts Legacy is de bestverkopende game die Warner Bros. Games ooit heeft uitgebracht. Sinds 10 februari is het Harry Potter-spel al meer dan vijftien miljoen keer verkocht. De spelontwikkelaar meldt dat de game al meer dan 1 miljard dollar (ruim 905 miljoen euro) heeft opgeleverd.
( 3
min )
De bodem van de Noordzee ligt vol met internetkabels. Rond die kabels zijn de laatste tijd verdachte Russische schepen gesignaleerd die ons internet zouden willen saboteren. Moeten we bang zijn dat ons internet uitvalt?
( 4
min )
PostNL heeft in het eerste kwartaal veel minder winst geboekt dan een jaar eerder. Het postbedrijf ziet het winstcijfer al langere tijd dalen, doordat er minder pakketjes worden bezorgd.
( 3
min )
Supermarktketen Albert Heijn gaat vandaag met vakbonden CNV en FNV om de tafel zitten. De inzet is een nieuwe cao voor de medewerkers van distributiecentra. De gesprekken zijn ook belangrijk voor de consument: als een akkoord uitblijft, dreigen nieuwe stakingen en dus opnieuw lege schappen.
( 3
min )
De vakbonden FNV Metaal en CNV Vakmensen hebben een tweedaagse staking bij de Limburgse autofabriek Nedcar aangekondigd. Maandag en dinsdag staakt het personeel. Eigenaar VDL heeft een ultimatum over een sociale regeling voor het personeel laten verlopen.
( 3
min )
Maastricht Aachen Airport (MAA) is vanaf maandag acht weken lang gesloten. In die tijd wordt de start- en landingsbaan gerenoveerd. Dat is nodig vanwege slijtage van het asfalt. Daardoor kunnen kleine deeltjes loslaten en schade aan vliegtuigen veroorzaken.
( 3
min )
De prijzen in de supermarkten schieten omhoog. Toch claimen veel ketens dat honderden producten goedkoper worden door acties. Maar volgens experts is dat een misvatting.
( 4
min )
Trying to navigate the ups and downs of the stock market and predict its future direction can seem like a complicated and daunting task. But as with almost anything, keeping it simple is often the key. And one of the most straight forward strategies is to keep an eye out for the insiders’ moves. After all, these corporate officers are privy to their companies’ inner workings. When an insider is seen picking up shares of the company they work for, especially in bulk, it sends a clear signal that
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(Bloomberg) -- Defaulted Chinese developers facing key court dates in coming weeks received an abrupt reminder that it’s actions not words that count in restructurings, if you want to avoid getting liquidated.Most Read from BloombergTexas Mass Shooting’s Bloody Images Add to Fervor in Gun DebateBuffett Reaffirms Abel as Heir, Blames Bank Leaders for FailuresBank Stocks Nearing a Crisis-Era Threshold Raises Warning SignKimora Lee Says $93 Million US Wants From Tim Leissner Is Hers‘We Just Want So
( 39
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(Bloomberg) -- It’s a familiar story: A business mogul parlaying much of his fortune into a massive bet on electric vehicles, only to fall on hard times.Most Read from BloombergBuffett Reaffirms Abel as Heir, Blames Bank Leaders for FailuresKimora Lee Says $93 Million US Wants From Tim Leissner Is Hers‘We Just Want Someone Sane’: What Happens When a Small Town Goes MAGABank Stocks Nearing a Crisis-Era Threshold Raises Warning SignYour Sunday US Briefing: Buffett’s Warning and Hungry AmericansPha
( 42
min )
Central banks added 228.4 tons of gold to global reserves in the first quarter, the World Gold Council reported.
( 39
min )
This week’s earnings reports include Airbnb, Brookfield, McKesson, PayPal, and Tyson Foods, Toyota Motor, and more.
( 23
min )
The Berkshire Hathaway CEO, with his business partner Charlie Munger, spent hours this weekend discussing life and career choices.
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(Bloomberg) -- The selloff in US bank shares is threatening to push them below a technical threshold that could signal more pain ahead for the broader stock market. Most Read from BloombergBuffett Reaffirms Abel as Heir, Blames Bank Leaders for FailuresJustice Thomas Ethics Review Questioned by US Court Leader in 2012Kimora Lee Says $93 Million US Wants From Tim Leissner Is HersRussia Says It Has Billions of Indian Rupees That It Can’t UseBond Traders Bet on Biggest Fed Shift in Decades on Credi
( 40
min )
Bill Gates is eyeing a bid to build Britain’s first mini-nuclear reactor in a direct challenge to Rolls-Royce which is scrambling to secure a government contract.
( 38
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(Bloomberg) -- Investors are bailing on preferred shares at a historic clip because of the growing concern about the health of US regional banks. Most Read from BloombergBuffett Reaffirms Abel as Heir, Blames Bank Leaders for FailuresJustice Thomas Ethics Review Questioned by US Court Leader in 2012Russia Says It Has Billions of Indian Rupees That It Can’t UseKimora Lee Says $93 Million US Wants From Tim Leissner Is HersKing Charles Crowned in Spectacle Marking Turning Point for UKA $12.2 billio
( 40
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Find out which stocks are the largest positions in Warren Buffett's portfolio.
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Investors are always on the lookout for a reliable tool to separate the true sound stocks from those that are just riding the tide. That’s a job tailor-made for the Smart Score, a comprehensive data tool that collects and collates the aggregated data of the stock market – and returns a simple score for each of thousands of stocks. The Smart Score uses a set of sophisticated AI algorithms to evaluate every stock by a set of 8 factors – and the factors are all known to match up with future outperf
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min )
After a grantor passes away, becoming the trustee can be daunting, especially if you're responsible for distributing property. Houses are among the most valuable assets in a family for financial and sentimental reasons. Therefore, it's critical to understand how to … Continue reading → The post How to Transfer Property Out of a Trust After Death appeared first on SmartAsset Blog.
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Are you maxing out the 401(k) plan you have at work every year? Do you still have money left for saving and investment after contributing the maximum to your 401(k) and maybe an IRA or two? If so, then you … Continue reading → The post Executive Deferred Compensation Plans appeared first on SmartAsset Blog.
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When you're saving for retirement, there are a variety of accounts you could use. The Roth IRA, or individual retirement account, is one of those options. Roth IRAs offer more investment flexibility, as well as their own tax benefits. Understanding … Continue reading → The post Capital Gains Tax for Roth IRAs appeared first on SmartAsset Blog.
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min )
The Roth IRA has been called "the Swiss Army knife" of personal finance because of its flexibility and the tax-free status of its earnings. That's the reason so many retiring workers move to roll their workplace 401(k) accounts into a … Continue reading → The post Doing a Roth Rollover? Beware the 5-Year Rule appeared first on SmartAsset Blog.
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It can pay to be a responsible rental property owner. For instance, if you're always investing in your rental property and making improvements, not only will your tenants appreciate it and remain tenants longer, you can get a depreciation deduction … Continue reading → The post How to Avoid Depreciation Tax on Rental Property appeared first on SmartAsset Blog.
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Investing money can help you build wealth, but taxes can take a big bite out of your earnings. Following a buy, borrow, die strategy is one way to minimize your tax liability and preserve more of your wealth. The concept … Continue reading → The post Buy, Borrow, Die: How the Rich Avoid Taxes appeared first on SmartAsset Blog.
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Online apps, led by Apple, provide high-interest alternatives for deposit customers—even if they're not wary of the banking industry's recent turmoil.
( 21
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Single-family rentals saw a 6% increase at the close of the first quarter of 2023 compared to the same period in 2022.
( 39
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New York State Teachers’ Retirement System sold Electronic Arts and HP stock, and initiated an investment in Autoliv in the first quarter.
( 22
min )
The pandemic ushered in an era of ‘quiet quitting’ and ‘bare minimum Mondays’ but workers have since lost leverage
( 39
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BofA has five ideas based on an analysis of asset returns in the three months after 10 “last hikes” of the past 50 years.
( 22
min )
The CEOs of Brooks Running, Dairy Queen, and See's Candies see big advantages to being part of Berkshire Hathaway. That will continue once Greg Abel succeeds Warren Buffett.
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min )
Vietnam has long benefited from efforts to keep costs low as wages have risen in China, but the latest shift is broader and offers more opportunites.
( 22
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Here is your Pro Recap of the biggest head-turning deal dispatches you may have missed this week: more market-moving headlines in regional banks Western Alliance and PacWest; JPMorgan officially picks up First Republic; First Horizon and TD Bank drop their planned merger; and Arconic gets taken out by Apollo. The regional bank shares experienced turbulence this week.
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First Republic Bank’s failure demonstrates why lenders are vulnerable to a loss of faith.
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Stock declines have wiped out billions of dollars of paper gains meant for big-ticket expenses.
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Investors are shying away from risk, turning to defensive stocks and Treasurys, yet they appear equally worried about missing out on a potential stock-market rally.
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Between March and early May, money managers added heavily to their exposure to gold futures. Interest in Bitcoin has gone the opposite direction.
( 22
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Across Ukraine, the war has forced grain growers into a vicious dilemma. Farmers in areas now free from Russian occupation are risking their lives to strip their land of explosives before the critical spring planting season. The dual crisis is causing many farmers to cut back on sowing crops.
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(Bloomberg) -- China added to its gold reserves for a sixth straight month, extending a flurry of purchases as central banks around the world expand their holdings of bullion amid escalating geopolitical and economic risks.Most Read from BloombergBuffett Reaffirms Abel as Heir, Blames Bank Leaders for FailuresKimora Lee Says $93 Million US Wants From Tim Leissner Is Hers‘We Just Want Someone Sane’: What Happens When a Small Town Goes MAGABank Stocks Nearing a Crisis-Era Threshold Raises Warning
( 38
min )
(Bloomberg) -- The growing likelihood of a US recession and a pause in the Federal Reserve’s rate hikes is reshaping the global landscape, and prompting Asia’s stock pickers to recalibrate their bets.Most Read from BloombergJustice Thomas Ethics Review Questioned by US Court Leader in 2012Russia Says It Has Billions of Indian Rupees That It Can’t UseKing Charles Crowned in Spectacle Marking Turning Point for UKKimora Lee Says $93 Million US Wants From Tim Leissner Is HersBiden Not Ready Yet to I
( 39
min )
A Keogh plan is a tax-deferred pension plan available to self-employed individuals or unincorporated businesses for retirement purposes.
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A long-term capital gain or loss comes from a qualifying investment that was owned for longer than 12 months before being sold.
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Our comprehensive guide to the American Express Membership Rewards program.
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Statistics is the collection, description, analysis, and inference of conclusions from quantitative data. People who do statistics are referred to as statisticians.
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Volume refers to the number of shares or contracts traded in an asset or security over a period of time, usually over the course of a trading day.
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Greg Abel is the next-in-line to be the Berkshire Hathaway CEO when Warren Buffet steps down or passes away.
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A bank run is when many customers withdraw their deposits simultaneously over concerns about the bank's solvency. Learn what governments do to try to prevent bank runs.
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Learn more about the interactions between commodity, bond, stock, and currency markets.
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min )
Find out which stocks are the largest positions in Warren Buffett's portfolio.
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min )
Sector rotation is the movement of money in the stock market from one industry to another as investors anticipate the next stage of the economic cycle.
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Credit card debt is growing fast, and one possible reason is that more people are putting more expenses on plastic because they can’t cover all their bills with cash.
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A simple-interest mortgage is a home loan where interest is calculated on a daily basis instead of a monthly basis.
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Online apps, led by Apple, provide high-interest alternatives for deposit customers—even if they're not wary of the banking industry's recent turmoil.
( 20
min )
Sales price variance is the difference between the price a business expects to sell its products or services for and what it actually sells them for.
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A warehouse-to-warehouse clause in an insurance policy provides financial protection of cargo in transit, from the origin to the destination warehouse.
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Augmented reality (AR) is the modification of a real-life environment by the addition of sound, visual elements, or other sensory stimuli.
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De spaarrentes zijn in een jaar tijd omhoog gekropen, nadat de Europese Centrale Bank (ECB) stap voor stap het rentetarief is gaan verhogen. Sparen is zo iets aantrekkelijker geworden. Maar de rentes gaan traag omhoog en door de inflatie word je van sparen nog lang niet slapend rijk.
( 7
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Hoewel ze in de kinderopvang schaars zijn, wordt er nauwelijks ingezet op het vinden van mannen die een switch naar de kinderopvang willen maken. Dat is jammer, vindt Gjalt Jellesma, voorzitter van de Belangenvereniging van Ouders in de Kinderopvang. "Want meer mannen op de werkvloer, dat is juist een verrijking."
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A budget deficit occurs when expenditures exceed revenue and is the term commonly used to refer to government spending and national debt.
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M1 Finance and Betterment are top robo-advisors that offer different services. M1's forté is automated investing, without advice. Betterment offers automated investing and financial planning.
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A qualified dividend is a payment to owners of stock shares that meets the IRS criteria for taxation at the capital gains tax rate.
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Warren Buffet's conglomerate saw its Apple investment and insurance business adding to gains, while cash continued to pile up amid a dealmaking drought.
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min )
Can you contribute to a 401(k) and Roth IRA? The short answer is yes, but make sure that you understand these rules, regulations, and limitations.
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Bitcoin halving explained. Find out about Bitcoin's halving process works and what it means for Bitcoin's price and its users.
( 22
min )
Cryptocurrencies continue to gain traction with investors around the world. Explore how leading countries are regulating the emerging asset class.
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min )
Sales usually drop in April, after peaking in March; this year the Spring peak has yet to arrive.
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min )
Prince Harry and Meghan Markle have made millions through lucrative business and media deals since stepping down as senior members of the British royal family.
( 19
min )
Casino operator MGM Resorts (MGM) beat expectations for first-quarter net income and revenue as the company benefited from higher traffic in its Las Vegas and Macau resorts.
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The Pacer Emerging Markets Cash Cows 100 ETF (NASDAQ:ECOW) is the ETF in the Cash Cows family that covers emerging market equities. With a yield of 6.7% and a focus on emerging market companies that sport high free cash flow yields, the ETF looks attractive and has outperformed some of the other major emerging markets ETFs in recent years. Therefore, let’s take a closer look at ECOW. Cash Rules Everything Around Me We’ve recently covered some of the other Cash Cows, like the popular Pacer US Cas
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(Bloomberg) -- Warren Buffett faced question after question about one thing in particular at Berkshire Hathaway Inc’s annual meeting on Saturday: His successor. Most Read from BloombergJustice Thomas Ethics Review Questioned by US Court Leader in 2012Russia Says It Has Billions of Indian Rupees That It Can’t UseKing Charles Crowned in Spectacle Marking Turning Point for UKKimora Lee Says $93 Million US Wants From Tim Leissner Is HersBiden Not Ready Yet to Invoke 14th Amendment to Avoid US Defaul
( 41
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Warren Buffett's company was a net seller of stocks, boosted its buybacks, and grew its cash pile in the first quarter.
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For those new to the scene, WiR is TechCrunch's regular newsletter that recaps the biggest tech stories over the past few days. Before we get into the meat of the thing, a quick reminder that TC City Spotlight: Atlanta is fast approaching. On June 7, TechCrunch is headed to Atlanta, where we'll host a pitch competition, a talk on the economics of equality, a panel discussion on investing in the Atlanta ecosystem and more.
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Berkshire Hathaway (ticker: BRK.A, BRK.B) isn’t likely to invest in shares of automakers like General Motors (GM) or Ford Motor (F), CEO Warren Buffett said at the company’s annual shareholders’ meeting on Saturday.
“Charlie \[Munger\] and I have long felt that the auto business is just too tough,”
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Berkshire Hathaway (ticker: BRK.A, BRK.B) has nearly $130 billion in cash and Treasury bills on its balance sheet. There’s ongoing speculation about what the company might do with all that dry powder.
At Berkshire’s annual shareholders’ meeting on Saturday, CEO Warren Buffett said that he would rat
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min )
(Bloomberg) -- Berkshire Hathaway Inc. won’t make an offer for full control of Occidental Petroleum Corp., Warren Buffett said on Saturday. Most Read from BloombergJustice Thomas Ethics Review Questioned by US Court Leader in 2012Russia Says It Has Billions of Indian Rupees That It Can’t UseKing Charles Crowned in Spectacle Marking Turning Point for UKKimora Lee Says $93 Million US Wants From Tim Leissner Is HersBiden Not Ready Yet to Invoke 14th Amendment to Avoid US DefaultThe company may or m
( 38
min )
(Bloomberg) -- US inflation data in the coming week will provide clues about whether the Federal Reserve can pause its series of interest-rate hikes at next month’s meeting. Most Read from BloombergJustice Thomas Ethics Review Questioned by US Court Leader in 2012Russia Says It Has Billions of Indian Rupees That It Can’t UseKing Charles Crowned in Spectacle Marking Turning Point for UKKimora Lee Says $93 Million US Wants From Tim Leissner Is HersBiden Not Ready Yet to Invoke 14th Amendment to Av
( 41
min )
(Bloomberg) -- Fresh fears over a recession-inducing credit crunch are spurring bond bulls to ramp up bets that the Federal Reserve will embark on the most abrupt policy shift in almost four decades.Most Read from BloombergJustice Thomas Ethics Review Questioned by US Court Leader in 2012Russia Says It Has Billions of Indian Rupees That It Can’t UseKing Charles Crowned in Spectacle Marking Turning Point for UKKimora Lee Says $93 Million US Wants From Tim Leissner Is HersBiden Not Ready Yet to In
( 39
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Warren Buffet's conglomerate saw its Apple investment and insurance business adding to gains, while cash continued to pile up amid a dealmaking drought.
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At least one child is usually selected to ask the storied investor a question during the annual meeting.
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CEO Warren Buffett addressed Berkshire Hathaway’s (ticker: BRK.A, BRK.B) investment in Paramount Global (PARA) at the company’s annual shareholders’ meeting in Omaha on Saturday. The media company is in the midst of an expensive transition from legacy businesses in cable TV and movies to a streaming
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Crypto is fast becoming a hot topic among expected 2024 U.S. Presidential candidates.
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Mayer, like Blockbuster executives, would later regret her thinking on Netflix.
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Can you contribute to a 401(k) and Roth IRA? The short answer is yes, but make sure that you understand these rules, regulations, and limitations.
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(Bloomberg) -- Markets may have just survived the last of the most aggressive rate hikes in four decades. Few on Wall Street are celebrating.Most Read from BloombergJustice Thomas Ethics Review Questioned by US Court Leader in 2012King Charles Crowned in Spectacle Marking Turning Point for UKRussia Says It Has Billions of Indian Rupees That It Can’t UseKimora Lee Says $93 Million US Wants From Tim Leissner Is HersSEC Investigates Trades by First Republic Executives Before Sale to JPMorganIf Wedn
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CEO Warren Buffett sold Berkshire Hathaway’s (ticker: BRK.A, BRK.B) more-than $4 billion stake in Taiwan Semiconductor Manufacturing Company (TSM) only a few months after acquiring the shares late last year. The Taiwanese semiconductor maker is the world’s leading producer of cutting-edge chips.
Bu
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Cryptocurrencies continue to gain traction with investors around the world. Explore how leading countries are regulating the emerging asset class.
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Legendary value investors Warren Buffett and Charlie Munger see divergent paths for value investors in the coming years. The Berkshire Hathaway (ticker: BRK.A, BRK.B) managers were responding to shareholders’ questions at the company’s annual meeting in Omaha on Saturday.
“I think value investors a
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These investment vehicles work like regular IRAs, but with some additional regulations
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Warren Buffett and right-hand man Charlie Munger are scheduled to answer roughly 60 questions from the public during the company’s annual meeting.
( 26
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(Bloomberg) -- Speculators are once again fleeing the oil market, setting the stage for more extreme price swings. Most Read from BloombergJustice Thomas Ethics Review Questioned by US Court Leader in 2012Russia Says It Has Billions of Indian Rupees That It Can’t UseKing Charles Crowned in Spectacle Marking Turning Point for UKSEC Investigates Trades by First Republic Executives Before Sale to JPMorganPeter Thiel Says Moving to Florida from Silicon Valley Is Too ExpensiveMoney managers dumped th
( 39
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Getting your financial footing can be a challenge when you're young, especially if you have student loan payments or a new mortgage make you feel penniless. However, it's never too early to start financial planning. By creating a budget, improving … Continue reading → The post 10 Financial Planning Tips for Young Adults appeared first on SmartAsset Blog.
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There are many types of savings accounts. Money market accounts can earn higher interest rates than traditional savings accounts. But CDs can often earn even higher rates. However, there are pros and cons to each type of account that goes … Continue reading → The post Which Savings Account Will Earn You the Most Money? appeared first on SmartAsset Blog.
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The basic concept of retirement is straightforward. If you work a certain number of years and then you are able to stop working and simply enjoy life. What's not so simple is knowing how many years you have to work … Continue reading → The post How Many Years Do You Have to Work to Retire? appeared first on SmartAsset Blog.
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There's a lot to consider when it comes to retirement planning, starting with what kind of lifestyle you'd like to enjoy. For some retirees, it involves travel. For others, it can mean moving to a new location to be closer … Continue reading → The post How to Determine Your Retirement Lifestyle appeared first on SmartAsset Blog.
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Behind the royal wealth is a booming real-estate portfolio of bucolic farms, wholesale warehouses and prime London offices that has helped cover a royal spending spree.
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The Warren Buffett-led conglomerate bought back $4.4 billion of stock in the period, up from the fourth quarter but below 2020 and 2021 levels.
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(Bloomberg) -- Berkshire Hathaway Inc. bought back $4.4 billion of stock, an increase from the same period last year, as Warren Buffett’s sprawling conglomerate confronted turbulent markets that offered fewer of the blockbuster deals the investor is renowned for.Most Read from BloombergRussia Says It Has Billions of Indian Rupees That It Can’t UseJustice Thomas Ethics Review Questioned by US Court Leader in 2012Peter Thiel Says Moving to Florida from Silicon Valley Is Too ExpensiveSEC Investigat
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Investors are turning to these cash-equivalent investments, some of which are yielding 5% or more. But it pays to have a strategy beyond fear.
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A part-time job is like temporarily having a bigger nest egg while splurging on that luxury SUV will lower your spending for your entire retirement.
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Consider the fax machine: All kinds of new tech roles are on the way in, and admin roles are out. There's still time to pivot.
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PepsiCo said it will raise its quarterly payout to $1.265 a share, an increase of 10% from $1.15.
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A look at the health of six regional banks.
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In a storage room in Buenos Aires, an Argentinian investigator made a discovery that would reverberate through a boardroom more than 7,000 miles away.
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"As for rupees, this is a problem because there are billions of rupees accumulated in accounts at Indian banks and we need to use this money."
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Voorspellen of er een recessie aankomt is geen exacte wetenschap. Toch zijn er een aantal punten waarop economen kunnen letten, zoals het aantal werklozen en uitgaven van huishoudens. Wat kunnen deze gegevens ons vertellen over een mogelijke recessie?
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Transavia moest de afgelopen weken tientallen vluchten schrappen en ook de komende tijd zitten reizigers nog in onzekerheid. De vliegmaatschappij houdt veel toestellen aan de grond, waardoor vele duizenden vakantiegangers zijn gedupeerd. Wat gaat er mis?
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De vakbonden FNV Metaal en CNV Vakmensen hebben voor maandag en dinsdag een tweedaagse staking bij de Limburgse autofabriek Nedcar aangekondigd. Eigenaar VDL heeft een ultimatum over een sociale regeling voor het personeel laten verlopen.
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Het laatste weekend van de meivakantie verloopt tot nu toe zonder problemen op Schiphol. De luchthaven verwacht zaterdag veel mensen die terugkeren van vakantie. Maar de drukte leidt niet tot hele lange rijen.
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In hetzelfde weekend dat Duitsland het hoofdstuk kernenergie definitief afsloot, opende Finland een nieuwe kerncentrale. De interesse in nucleaire energie groeit in Europa, net als de discussie erover. "Europese grootmachten staan lijnrecht tegenover elkaar."
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In hetzelfde weekend dat Duitsland het hoofdstuk kernenergie definitief afsloot, opende Finland een nieuwe kerncentrale. De interesse in nucleaire energie groeit in Europa, net als de discussie erover. "Europese grootmachten staan lijnrecht tegenover elkaar."
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Banking turmoil continues, rates were still raised, and the risk/reward argues for waiting to but the stock market.
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After OPEC cut output in April, most observers expected oil prices to rise. Instead, a slower Chinese recovery sent prices sliding. The question now: How will OPEC react?
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It's unclear who owns the company, though industry experts have suggested it is likely tied to Rosneft, Russia's largest state-run oil firm.
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Despite the success of its streaming business, the media company’s revenue fell in the first quarter.
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(Bloomberg) -- Kimora Lee, the former model and ex-wife of former Goldman Sachs Group Inc. banker Tim Leissner, is claiming shares worth around $93 million that he was ordered to forfeit as part of his 1MDB guilty plea actually belong to her.Most Read from BloombergPeter Thiel Says Moving to Florida from Silicon Valley Is Too ExpensiveHeavy Marijuana Use Increases Schizophrenia in Men, Study FindsApple Buoys Wall Street, Keeping Doubts on Future Growth at BayJPMorgan Sees Investors Moving to Gol
( 39
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Altman said one of the tech industry's biggest mistakes was thinking "startups didn't need to be together."
( 39
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All the rules say the U.S. should be in recession, but a billionaire investor says it's being contained to the rich.
( 40
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Smartphone shipments were down 13% in the first quarter industrywide, but Apple still managed to grow its iPhone sales.
( 22
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In some important ways, the Chinese economy has lagged the US in recent years. The country held on to anti-COVID lockdown policies much longer than most others, but after nearly three years of restrictions it has finally been opening up. The result is a strong surge in growth, according to recent Chinese government data. The country’s GDP grew 4.5% in 1Q23, compared to 2.9% in 4Q22. A particular strength noted in the Chinese data was the 10.6% increase in March’s retail sales. Weaknesses include
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Nanobiotix (NASDAQ: NBTX) shares gained more than 200% on Friday trading after it entered into final contract negotiations with a major global pharmaceutical company. In its Q4 earnings release, Nanobiotix raised going concerns. The company noted net losses of €57.0 million in 2022 and a net decrease in cash and cash equivalents of €42.5 million in 2022. Nanobiotix stock is gaining on heavy volume, with a session volume of 30.262 million shares traded. The company agreed to a non-binding term sh
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The company was famous for its personalized meal plans and celebrity endorsements.
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(Bloomberg) -- Friday’s staggering rally in the shares of beleaguered regional banks may have a simple explanation: short-covering. Most Read from BloombergPeter Thiel Says Moving to Florida from Silicon Valley Is Too ExpensiveHeavy Marijuana Use Increases Schizophrenia in Men, Study FindsApple Sees Biggest Rally of the Year After Sales Top EstimatesJPMorgan Sees Investors Moving to Gold, Tech Amid Recession RiskBMW Warns Owners ‘Do Not Drive’ 90,000 Cars Recalled Over Defective AirbagThe $2.7 b
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(Bloomberg) -- US consumer borrowing increased in March by more than expected on one of the largest spikes in credit-card balances on record.Most Read from BloombergRussia Says It Has Billions of Indian Rupees That It Can’t UseJustice Thomas Ethics Review Questioned by US Court Leader in 2012SEC Investigates Trades by First Republic Executives Before Sale to JPMorganPeter Thiel Says Moving to Florida from Silicon Valley Is Too ExpensiveThe 29 Credit Card Perks You’re Probably Not UsingTotal cred
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Should Boeing buy back Spirit? The question is rippling through the aerospace industry.
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The home improvement market’s traditionally strong spring season has been a lackluster one.
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EY-Parthenon's Gregory Daco reveals what's going on with the American worker's worst slump of the post-World War II era. It's not all about remote work, he says.
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IBM CEO Arvind Krishna announced a hiring pause, but that’s not all. He also stated the company plans to replace nearly 8,000 jobs with AI. Krishna noted that back-office functions, specifically in the human resources (HR) sector, will be the first to face these changes. See Next: Gamers Making Thousands Selling Gaming Skins And Assets: Gameflip's Bold Vision For The Future Of Gaming Commerce The transition will happen gradually over the next few years, with machines potentially taking over up t
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The firm said it is seeing fewer people move their money into better-yielding accounts to take advantage of higher interest rates.
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Banks are borrowing at and charging high interest rates in lockstep with the Federal Reserve. Why aren't they offering that to their depositors?
( 20
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Midsize and small banks still nurse heavy losses for the week, which started with the collapse of First Republic.
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(Bloomberg) -- Argentines withdrew over $1 billion of US dollar deposits from the banking system from late March to the end of April as speculation spread about a potential currency devaluation in the official exchange rate.Most Read from BloombergPeter Thiel Says Moving to Florida from Silicon Valley Is Too ExpensiveApple Sees Biggest Rally of the Year After Sales Top EstimatesJPMorgan Sees Investors Moving to Gold, Tech Amid Recession RiskHeavy Marijuana Use Increases Schizophrenia in Men, Stu
( 38
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Boycotts can “definitely” have an impact on a company’s public image, but experts say there is less evidence they have a long-term impact on revenue.
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A JPMorgan rating increase has provided a boost to the sector.
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At 68, I do not have any investments of any kind. My $80,000 condo is paid off, and I have $60,000 saved. Am I too late? -Bernhard It's never too late to start investing and managing your money. But I … Continue reading → The post Ask an Advisor: ‘Am I Too Late?' I'm 68, Have No Investments and Only Have $60K Saved appeared first on SmartAsset Blog.
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The sports betting company posted an adjusted loss of 51 cents a share for the quarter, narrower than the 70-cent loss analysts had forecast.
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(Bloomberg) -- Bolivian bonds jumped after the country’s Senate approved late Thursday a central bank bill that would allow the government to monetize its gold reserves, a key step to ease a dollar shortage and tame a growing financial crisis.Most Read from BloombergPeter Thiel Says Moving to Florida from Silicon Valley Is Too ExpensiveApple Sees Biggest Rally of the Year After Sales Top EstimatesJPMorgan Sees Investors Moving to Gold, Tech Amid Recession RiskHeavy Marijuana Use Increases Schizo
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New U.S. legislation points to the world being short of copper in a few years. A few big mining firms could be huge beneficiaries.
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On the heels of cooling inflation, the Federal Reserve announced Wednesday an increase in interest rates, as widely anticipated. The key rate has gone up by 25 basis points, bringing it to a range of 5% to 5.25%, which is the highest in 16 years. While Fed Chair Jerome Powell indicated a pause to the rate hikes might be on the menu in June, the probability for any rate cuts seems unlikely for now, at least until inflation starts showing signs it really is on the backfoot. Although this measure m
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If you're thinking of retiring early, you may be wondering how much you need to retire at age 55. The exact amount of income you should have put away is going to depend on different factors. But if you want … Continue reading → The post How Much Do You Need to Retire at 55? appeared first on SmartAsset Blog.
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A $10 million nest egg will pay for a comfortable retirement for the majority of retirement savers. However, whether that much is enough to fund any specific retiree's golden years depends on a number of factors. This includes pre-retirement lifestyle … Continue reading → The post Is $10 Million Enough to Retire? appeared first on SmartAsset Blog.
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There are several metrics you can use to evaluate whether a rental property investment has potential, including the 2% rule. The 2% rule in real estate dictates that a property's rental income should be at least 2% of the purchase … Continue reading → The post What Is the 2% Rule in Real Estate? appeared first on SmartAsset Blog.
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You are required to report and pay federal taxes on any interest income you receive from a savings account. The income is taxed as unearned, which means you'll escape payroll taxes, but you will owe federal income tax on it … Continue reading → The post How Savings Accounts Are Taxed appeared first on SmartAsset Blog.
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The amount you collect from an annuity depends on when you invest, the return your specific annuity offers and the details of your particular contract. As a result, it's difficult to provide a specific answer to what any single person … Continue reading → The post How Much Would a $1 Million Annuity Pay? appeared first on SmartAsset Blog.
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A Roth Individual Retirement Account (IRA) can offer tax benefits in the form of tax-free withdrawals in retirement. If you have a traditional IRA or 401(k), you can use a Roth conversion to change the tax status of your retirement … Continue reading → The post How Many Roth Conversions Can You Make Per Year? appeared first on SmartAsset Blog.
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The indebted movie theater chain said it raised $155 million of cash through the sale of AMC Preferred Equity Units, or APEs, in the first quarter and it kept selling them in the current quarter.
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(Bloomberg) -- Carvana Co.’s shares surged after the debt-ridden automobile retailer said it expected to report a profit this quarter following a string of losses.Most Read from BloombergPeter Thiel Says Moving to Florida from Silicon Valley Is Too ExpensiveChina Takes the Yuan Global in Bid to Repel a Weaponized DollarTD, First Horizon End $13 Billion Merger as Regulators StallApple’s iPhone Bounces Back, Helping Sales Top EstimatesZelenskiy Denies Ukraine Sent Drones to Hit Putin, KremlinThe c
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Super Micro Computer (SMCI) shares are up a staggering 66% in 2023. Raised guidance and big appetite for the shares tell the story.
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Cynt Marshall is the first black woman to lead an NBA side—but it was never part of her plan.
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Apple's better-than-expected fiscal second-quarter revenue is driven by strong iPhone sales, Carvana's first-quarter loss narrows, and results at Coinbase get a boost from Bitcoin's rally this year.
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(Bloomberg) -- Crowded equity trades and possible policy remediation for US regional banks may bring an end to a trade that’s roiled broader markets but proved lucrative for some short sellers. Most Read from BloombergPeter Thiel Says Moving to Florida from Silicon Valley Is Too ExpensiveChina Takes the Yuan Global in Bid to Repel a Weaponized DollarApple Shares Rise After iPhone Bounces Back, Sales Top EstimatesHeavy Marijuana Use Increases Schizophrenia in Men, Study FindsTD, First Horizon End
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(Bloomberg) -- A resort island off southern China, best known for its balmy weather and sandy beaches, has become the unlikely focus of Europe’s concerns over a booming waste-oil industry.Most Read from BloombergPeter Thiel Says Moving to Florida from Silicon Valley Is Too ExpensiveChina Takes the Yuan Global in Bid to Repel a Weaponized DollarTD, First Horizon End $13 Billion Merger as Regulators StallApple’s iPhone Bounces Back, Helping Sales Top EstimatesZelenskiy Denies Ukraine Sent Drones t
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(Bloomberg) -- PacWest Bancorp led a rebound across US regional banking stocks following a bruising week of losses, amid escalating worries over the health of the industry following the recent collapse of several lenders.Most Read from BloombergPeter Thiel Says Moving to Florida from Silicon Valley Is Too ExpensiveChina Takes the Yuan Global in Bid to Repel a Weaponized DollarTD, First Horizon End $13 Billion Merger as Regulators StallApple’s iPhone Bounces Back, Helping Sales Top EstimatesHeavy
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Russia has lost the leverage it once had. Europe has an excellent opportunity to retaliate, writes Borys Dodonov.
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(Bloomberg) -- A top Greater China fund is joining Warren Buffett in voicing concerns over Taiwan Semiconductor Manufacturing Co.Most Read from BloombergChina Takes the Yuan Global in Bid to Repel a Weaponized DollarPeter Thiel Says Moving to Florida from Silicon Valley Is Too ExpensiveTD, First Horizon End $13 Billion Merger as Regulators StallApple’s iPhone Bounces Back, Helping Sales Top EstimatesZelenskiy Denies Ukraine Sent Drones to Hit Putin, KremlinUni-President Asset Management Corp.’s
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Highly educated and highly-paid white-collar occupations may be most exposed to generative AI.
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If Jamie Dimon was pondering a career change as a fortune-teller, he’d be wise to stick to the day job. On the other hand, if someone of Dimon’s stature could be so wrong about the banking turmoil that continues to sweep across the US, a cynic might ask whether he was still the right person to be running one of the world’s largest financial institutions, particularly when that organisation is right at the centre of Government-led efforts to prop up the whole system.
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(Bloomberg) -- Lithium’s dramatic price slump has mining heavyweights chasing takeovers of companies with early stage or pre-production projects. But one giant is warning that offering high premiums for smaller miners comes with risks.Most Read from BloombergChina Takes the Yuan Global in Bid to Repel a Weaponized DollarPeter Thiel Says Moving to Florida from Silicon Valley Is Too ExpensiveTD, First Horizon End $13 Billion Merger as Regulators StallApple’s iPhone Bounces Back, Helping Sales Top
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Despite Berkshire Hathaway's outperformance relative to the S&P 500, one investor is calling for the removal of Warren Buffett as its chairman.
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(Bloomberg) -- A senior software engineer at Google wrote a critique asserting that the internet search leader is losing its edge in artificial intelligence to the open-source community, where many independent researchers use AI technology to make rapid and unexpected advances.Most Read from BloombergChina Takes the Yuan Global in Bid to Repel a Weaponized DollarZelenskiy Denies Ukraine Sent Drones to Hit Putin, KremlinTD, First Horizon End $13 Billion Merger as Regulators StallBank Drama Rages
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There’s been an upsurge of positive sentiment recently, as the 1Q23 earnings reports have been better than expected. Late last week, with 53% of the S&P companies having reported, 79% had beaten the EPS estimates. This is a historically high number, above both the 5- and 10-year averages, and the aggregate beat, of 6.9%, is above the average beat of 6.4% over the past decade. Morgan Stanley’s chief investment officer Mike Wilson notes that this has investors expecting a ‘meaningful upward inflec
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(Bloomberg) -- Apple Inc. chief Tim Cook singled out India on Thursday as pivotal for the iPhone maker, underscoring how the world’s most populous country is on the cusp of becoming both a major market and production base.Most Read from BloombergChina Takes the Yuan Global in Bid to Repel a Weaponized DollarZelenskiy Denies Ukraine Sent Drones to Hit Putin, KremlinTD, First Horizon End $13 Billion Merger as Regulators StallBank Drama Rages On; Apple Climbs in Late Trading: Markets WrapPacWest Is
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A pension plan is an employee benefit that commits the employer to make regular payments to the employee in retirement.
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The investor relations (IR) department is a division of a business whose job it is to provide investors with an accurate account of company affairs.
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Online used car retailer Carvana (CVNA) posted better-than-expected results and said its adjusted earnings would be positive for the current quarter.
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U.S. equities jumped higher on May 5, 2023, as shares of regional banks bounced back from the previous day's losses.
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The Black-Scholes model is a mathematical equation used for pricing options contracts and other derivatives, using time and other variables.
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Visa, American Express and JP Morgan rode a surge in the banking sector, while oil prices moved Chevron shares higher
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An overview of what is required to go to the Berkshire Hathaway Annual General Meeting.
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Discover how mortgage lenders confirm your current employment situation. Also, learn what to do when employers refuse to verify employment.
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Reducing the interest rate charged on your credit card balance is the first step to getting out of debt. Learn techniques to become debt-free.
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Officials lay out principles on safety and security, while lawmakers, agencies look to rein in emerging AI technology.
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Rates on 30-year mortgages inched just slightly up, remaining near a three-week low. Movement on other averages was mixed, mostly by small increments.
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Robinhood hiked the interest rate for its best customers' uninvested cash balances to 4.65% APY. That's great for a brokerage cash account, but you can earn more elsewhere.
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Banks are borrowing at and charging high interest rates in lockstep with the Federal Reserve. Why aren't they offering that to their depositors?
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Learn how much time it takes for brokers to receive confirmation of different types of orders, such as buying and selling stock.
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Lower first-quarter oil prices likely translated into declining profits for Houston-based Occidental Petroleum.
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A house maintenance requirement is the level of minimum margin account equity that is required by a brokerage firm.
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"In street name" is a slang term used to describe a brokerage that holds securities on behalf of a client.
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Cost basis is the original value or purchase price of an asset or investment for tax purposes.
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The new Chase Aeroplan World Elite Mastercard Credit Card offers a big sign-up bonus, bonus rewards on everyday spending categories, and other perks.
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The predetermined delivery price of a forward contract, as agreed on and calculated by the buyer and seller.
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The unemployment rate has remained between 3.4% and 3.7% for more than a year, despite fears that the labor market may succumb to interest rate pressures.
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FDIC is providing $228.2 billion in lending for Silicon Valley, Signature, and First Republic takeovers.
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You can't go wrong with either E*TRADE or Fidelity, but Fidelity does do better with more competitive rates.
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Ondanks de kostbare breuk met rapper Ye maakte adidas 60 miljoen euro winst in het eerste kwartaal van 2023. De CEO van het bedrijf noemt de stukgelopen samenwerking wel pijnlijk. Het kost adidas tot nu toe al zo'n 400 miljoen euro en levert veel kopzorgen op.
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Ondanks de kostbare breuk met rapper Ye maakte adidas 60 miljoen euro winst in het eerste kwartaal van 2023. De CEO van het bedrijf vindt de stukgelopen samenwerking toch pijnlijk. Het kost adidas tot nu toe al zo'n 400 miljoen euro en het zorgt voor een hoop kopzorgen.
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Turkse munten die op euro's lijken, zijn momenteel in omloop in Nederland. Wie met contant geld betaalt, moet daarom goed naar het wisselgeld kijken, waarschuwt De Nederlandsche Bank (DNB). De Turkse muntstukken zijn lang niet zoveel waard als euro's.
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Het Tijdelijk Noodfonds Energie heeft in totaal meer dan 165.000 aanvragen binnengekregen voor energiesteun. Het fonds was een week langer beschikbaar omdat nog zoveel mensen vlak voor de deadline een aanvraag deden.
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Marktprijzen voor basisvoedsel als suiker en vlees zijn voor het eerst sinds april 2022 gestegen. De stijging kan gevolgen hebben voor hoeveel geld we kwijt zijn in de supermarkt.
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De inflatie zal pas in 2025 in rustiger vaarwater komen. De beoogde 2 procent wordt pas over twee jaar bereikt, verwacht Europese Centrale Bank-bestuurder François Villeroy de Galhau.
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Nadat onlangs al drie banken in de Verenigde Staten kopje-onder waren gegaan, staan nu opnieuw enkele banken onder druk. Zo verloor PacWest donderdag meer dan de helft van zijn beurswaarde.
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min )
Techbedrijven hebben de morele plicht om ervoor te zorgen dat systemen voor kunstmatige intelligentie (AI) veilig zijn, vindt de Amerikaanse vicepresident Kamala Harris.
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Vliegmaatschappij KLM vervoerde in de eerste drie maanden van dit jaar meer reizigers dan vorig jaar en wist ook zijn ticketprijzen op te voeren. Toch moest de vliegmaatschappij een operationeel verlies van 128 miljoen euro in de boeken zetten door gestegen kosten, onder meer door duurdere kerosine.
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Apple heeft afgelopen kwartaal minder omzet gemaakt dan in dezelfde periode vorig jaar. Er gingen minder computers en tablets over de toonbank. De iPhone-producent verdiende nog wel meer geld aan de verkoop van iPhones en diensten zoals de verkoop van apps in de App Store.
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In de eindfase van de omstreden kinderopvangtoeslag wil het kabinet de toeslag tweemaal verhogen om de opvang goedkoper te maken. In diezelfde periode vervalt een belastingvoordeel voor kersverse ouders. Hoewel de plannen nog niet definitief zijn, maakt de opvangsector zich zorgen: "Ouders zijn echt de dupe."
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In twintig jaar is LinkedIn uitgegroeid van een digitale cv-database tot dé plek waar mensen lief en leed vanaf de werkvloer delen. De toon op het netwerk wordt steeds minder zakelijk. Maar niet iedereen zit daarop te wachten.
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In de eindfase van de omstreden kinderopvangtoeslag wil het kabinet de toeslag tweemaal verhogen om de opvang goedkoper te maken. In diezelfde periode vervalt een belastingvoordeel voor kersverse ouders. Hoewel de plannen nog niet definitief zijn, maakt de opvangsector zich zorgen: "Ouders zijn echt de dupe."
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Credit card funding is using a credit card account to fund a new financial account or business venture.
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Shares of Kenvue, the consumer health spinoff of Johnson & Johnson, jumped higher on May 4, 2023, their first day on the markets.
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min )
Shares of Paramount Global (PARA) slid 28% on May 4, 2023, as the company missed profit and revenue estimates and slashed its quarterly dividend.
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Apple shares gained after a strong second-quarter earnings report, with a March record for iPhone sales, an all-time high for services revenue and a $90 billion stock buyback.
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U.S. equities indexes moved lower on May 4, 2023, on renewed concerns about the strength of the banking sector.
( 16
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The 30-year mortgage average gave up an eighth of a point, dropping it to its lowest level in almost three weeks. Other rates were down almost across the board.
( 18
min )
529 plans are for education, and Roth IRAs are for retirement. But you can use either—or both—of these tax-advantaged plans to boost college savings.
( 29
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The Dow drops more than 300 points led by a Disney dive on rival Paramount's poor advertising and streaming results.
( 16
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A Coverdell education savings account is a trust that assists families with educational expenses.
( 23
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A third-party administrator provides operational services such as claims processing and employee benefits management under contract to another company.
( 23
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"Long term" refers to the extended period of time that an asset is held. Depending on the type of security, a long-term asset can be held for one year or many years.
( 22
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A growth curve is a visual depiction of the growth of a phenomenon, with the x-axis typically representing time and the y-axis growth.
( 21
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Unlimited liability is a type of business structure in which owners share responsibilities for the entire amount of debt and liabilities amassed by the business.
( 23
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Risk control is a technique that utilizes findings from risk assessments within a company to reduce the risk found in these areas.
( 26
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When Federal Reserve Chair Jerome Powell speaks, markets listen and move—even more so than they have to past Fed chairs.
( 17
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Risk management is a form of insurance in itself for small business owners. Here are seven steps to implement a plan.
( 19
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Margin is the money borrowed from a broker to purchase an investment and is the difference between the total value of the investment and the loan amount.
( 29
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Shares of PacWest Bancorp, First Horizon and Western Alliance, down 46%, 34% and 30%, led a broader intra-day trading rout in the stocks of U.S. regional and mid-sized banks.
( 18
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529 plans and permanent life insurance are two ways that parents can fund their kids' education. Here are the pros and cons of each.
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The mode is a statistical term that refers to the most frequently occurring number found in a set of numbers.
( 21
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CSCO is top for value while FTNT and VRSN are top for growth and momentum, respectively
( 20
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These are the robotics stocks with the best value, fastest growth, and most momentum for Q2 2023.
( 22
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The federal funds rate is the target interest rate set by the Fed at which commercial banks borrow and lend their extra reserves to one another overnight.
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Contractors' all risks (CAR) insurance covers contractors for both damage to a property and third-party injury or damage claims throughout the construction period.
( 20
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The application drop-off came as the average 30-year fixed rate fell five basis points to 6.5%, the first time rates have dropped in three weeks.
( 17
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Websites and credit cards can offer you direct and indirect sources of free money to pay off your student loan.
( 24
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Here are the pros and cons of paying cash for your house vs. using a mortgage.
( 27
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These are the top 10 most heavily weighted stocks in the S&P 500 Index.
( 25
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An investment advisory representative (IAR) is a professional who works for an investment advisory company.
( 22
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Loans and lines of credit are both ways to borrow from lenders, but they differ in how they can be used and how they are paid off.
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Use the lens of social responsibility to focus your search.
( 23
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Is it possible to have more than one personal loan at once? Yes, it is. However, the number of personal loans you can have at once is limited by your lender.
( 21
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Champion Iron, Reliance Steel, and Steel Dynamics lead the industry in revenue growth.
( 20
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Berkshire Hathaway is expected to show higher revenues and net income at its latest annual meeting, as investors probe Buffett and Charlie Munger over regional banks.
( 18
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It was the second straight quarterly decline in equity-rich homes across the U.S. following 10 consecutive quarterly gains.
( 16
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A report indicating PacWest Bancorp has begun considering options including a possible sale, slashed 59% from the bank's market value in extended hours trading Wednesday.
( 18
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PayPal's net income is expected to rise 53% after the company reined in costs during Q1 2023 amid a challenging economy.
( 17
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JPMorgan's First Republic Bank purchase includes loss-sharing deal with FDIC, similar to its 2008 acquisition of Bear Stearns.
( 19
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Learn about the difference between two freight methods and how costs apply to them.
( 21
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Understand how auto insurance companies value cars and learn why your insurance may not cover the cost of a similar vehicle.
( 24
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Often, we think of the client experience as what we provide to our clients in services, touchpoints and products.
( 22
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Whether you want to become a financial advisor or need to hire one, here are five traits that most successful financial advisors have.
( 22
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Apple's financial results came in above estimates in both revenue and earnings per share. The tech company reported on its second quarter Thursday afternoon.
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Shares of Kenvue, the consumer health spinoff of Johnson & Johnson, jumped higher on May 4, 2023, their first day on the markets.
( 17
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(Bloomberg) -- Icahn Enterprises LP, under pressure from short seller Hindenburg Research, said it would pay a dividend of $2.00 per unit to investors, sending shares higher after market. Most Read from BloombergChina Takes the Yuan Global in Bid to Repel a Weaponized DollarZelenskiy Denies Ukraine Sent Drones to Hit Putin, KremlinTD, First Horizon End $13 Billion Merger as Regulators StallBank Drama Rages On; Apple Climbs in Late Trading: Markets WrapPacWest Is Weighing Strategic Options, Inclu
( 39
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Apple shares gained after a strong second-quarter earnings report, with a March record for iPhone sales, an all-time high for services revenue and a $90 billion stock buyback.
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Shares have faced headwinds since March after a critical report from a short-seller. The company's latest earnings were mixed, but could be enough to boost confidence.
( 35
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Insiders at Zions Bancorp, U.S. Bancorp, and other bank bought up stock on the open market in late April and early May.
( 39
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Regulators step in after PacWest and Western Alliance shares plunge as investors fear repeat of First Republic, SVB and Signature failures
( 39
min )
Steel producer Cleveland-Cliffs has seen shares slide since early March. Chairman and CEO Lourenco Goncalves just bought $1.5 million of shares.
( 34
min )
IBM CEO Arvind Krishna appears to imagine a world of harmony between robots and workers, at least in his office.
( 41
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(Bloomberg) -- One regional bank is a thorn in the side of the multibillion-dollar short trade against the sector. Most Read from BloombergZelenskiy Denies Ukraine Sent Drones to Hit Putin, KremlinTD, First Horizon End $13 Billion Merger as Regulators StallChina Takes the Yuan Global in Bid to Repel a Weaponized DollarPacWest Is Weighing Strategic Options, Including Possible SalePushback Against Powell’s Prognosis Comes Almost ImmediatelyTraders betting against shares of New York Community Banco
( 39
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The timeless adage “buy low, sell high” has attracted countless people to participate in the stock market. But as many discover the hard way, the strategy is easier said than done. Stocks don’t always go up. Even though the S&P 500 is up 7% in 2023, it’s still down compared to where it was a year ago. The good news? You don’t have to actively trade stocks to make money. You can also collect dividends. By doing so, investors can bypass the stress and uncertainty associated with attempting to time
( 40
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Bill Ackman, Nelson Peltz, and Jeffrey Gundlach all think the Fed is wrong about the banking system.
( 40
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The involvement of Warren Buffett, who highly values dividend payers, has helped sustain Paramount’s stock through the streaming market’s reset.
( 26
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First-quarter earnings didn't reveal the financial impact of a boycott over social media influencer Dylan Mulvaney. It's guidance didn't either.
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Johnson & Johnson's (NYSE: JNJ) consumer-healthcare business carve-out, Kenvue Inc, priced its upsized initial public offering of 172.8 million shares at $22.00 per share. The IPO values Kenvue at about $41 billion. The offering was priced at the higher end of the $20 to $23 targeted range, with about 10% more shares sold than planned. Kenvue has granted the underwriters an option to purchase up to 25.9 million shares. Kenvue's common stock has been approved for listing on the New York Stock Exc
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The interest rate on Series I savings bonds bonds for the last six months has been an impressive 6.89%. But investors looking to jump into new issue bonds are in for a letdown. According to the Treasury, the rate for … Continue reading → The post The Big I Bond Letdown Comes With a Silver Lining appeared first on SmartAsset Blog.
( 39
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The entertainment giant reports second-quarter results on Wednesday, May 10
( 38
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On May 4, First Horizon announced that it and TD Bank had mutually agreed to terminate their $13.4 billion deal. Here's what First Horizon execs had to say about it on an investor call this morning.
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(Bloomberg) -- Western Alliance Bancorp denied a report that it’s exploring strategic options including a possible sale of all or part of its business.Most Read from BloombergZelenskiy Denies Ukraine Sent Drones to Hit Putin, KremlinPacWest Is Weighing Strategic Options, Including Possible SaleTD, First Horizon End $13 Billion Merger as Regulators StallChina Takes the Yuan Global in Bid to Repel a Weaponized DollarPushback Against Powell’s Prognosis Comes Almost Immediately“This story is absolut
( 39
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(Bloomberg) -- Crude markets have suffered a disastrous few weeks, dragged down by alarm over the wider economy. But real oil demand still looks strong enough to foster a rebound in prices. Most Read from BloombergChina Takes the Yuan Global in Bid to Repel a Weaponized DollarZelenskiy Denies Ukraine Sent Drones to Hit Putin, KremlinTD, First Horizon End $13 Billion Merger as Regulators StallPacWest Is Weighing Strategic Options, Including Possible SaleBank Drama Rages On; Apple Climbs in Late T
( 40
min )
Microsoft, Apple, Alphabet, and Meta Platforms stock have surged this year, but the rise hasn't lifted nearby boats, including components of Cathie Wood’s ARK Innovation ETF.
( 38
min )
(Bloomberg) -- Rooftop solar companies SunPower Corp. and Sunrun Inc. posted higher-than-expected sales in the first-quarter as homeowners in California rushed to install panels before a cut in a key state solar subsidy. Now, customers will have a months-long wait for new installations. Most Read from BloombergZelenskiy Denies Ukraine Sent Drones to Hit Putin, KremlinPacWest Is Weighing Strategic Options, Including Possible SaleBanker Pay Surges For Those Willing to Work in Saudi ArabiaUS Looks
( 39
min )
The Fed's aggressive interest rate hikes have eroded the value of bank assets such as government bonds and mortgage-backed securities.
( 38
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Many financial experts are talking up the prospect of a recession hitting this year and one legendary investor agrees with that line of thought. “We’re gonna have a hard landing and a bad recession in the U.S,” Stanley Druckenmiller has said, “probably sometime later this year.“ Druckenmiller now manages his investing affairs through his Duquesne Family Office, yet he had outsized success as a hedge fund manager for 30 years and is worth ~$6.4 billion. So, it’s definitely worth listening to his
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Anheuser-Busch said it would triple its U.S. marketing spending on the brand this summer after the turmoil dented sales.
( 28
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The chipmakerhasn’t gotten a sustained lift from a beat-and-raise quarter. The CEO bought $250,000 worth of the stock.
( 38
min )
Anheuser-Busch CEO Michel Doukeris distanced Bud Light from transgender influencer Dylan Mulvaney on an earnings call with investors Thursday, claiming Bud Light partnered with Mulvaney for "one post," not a campaign.
( 39
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Block stock has faced headwinds since March after a critical report from a short-seller. Solid earnings could boost confidence in the fintech group.
( 35
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The online furniture retailer said it expects to achieve a positive result in terms of adjusted Ebitda as soon as this quarter.
( 35
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US regional banks have been wracked by fears of contagion as PacWest attempted to calm investors after its shares plunged as much as 60pc overnight.
( 40
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If someone close to you has died, the last thing you may want to talk about is money. However, in order to honor their final wishes, you'll need to follow their will (if they left one) or potentially go to … Continue reading → The post How to Deposit a Large Cash Inheritance appeared first on SmartAsset Blog.
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There's no shortage of budgeting and spending rules when it comes to personal finance. One says you shouldn't spend more than 30% of your monthly income on housing. Another says to always save 10% of your income. Don't take more … Continue reading → The post Are You Using the Golden Ratio of Finance? appeared first on SmartAsset Blog.
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I will be 72 years old on Feb. 10, 2023. I have a traditional individual retirement (IRA) account. Most of the money is tied in stocks, and the stocks this year are way down. If I sell to pay the … Continue reading → The post Ask an Advisor: When Taking RMDs, How Do I Avoid Locking in Losses? I'll Be 72 Years Old Soon, and My Stocks Are ‘Way Down' This Year appeared first on SmartAsset Blog.
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A qualified income trust (or QIT) is a special form of trust designed to help people receive long-term care benefits under Medicaid. It is intended for people who make too much money to receive long-term or residential-care benefits under the … Continue reading → The post A Clever Strategy to Get Your Long-Term Care Costs Covered by Medicaid appeared first on SmartAsset Blog.
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Weight-loss drugs from companies such as Eli Lilly and Novo Nordisk are poised to become big sellers. It isn’t too late to invest.
( 37
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Apollo Global Management Inc (NYSE: APO) is reportedly close to taking Arconic Corporation (NYSE: ARNC) private in a roughly $3 billion deal. The deal is set to value Arconic at $30/share. Assuming the talks don’t fall apart at the last minute, the announcement to come by the time Arconic reports its results Thursday, Wall Street Journal reported citing people close to the matter. The industrial company, separated in 2016 from Alcoa Corp (NYSE: AA), has a hefty debt load of more than $1.5 billio
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The media company said the charges are tied to a plan to remove certain programming as it combines streaming platforms. Shares fell more than 15% premarket.
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Wall Street had expected the e-commerce software company to post a fiscal first-quarter loss.
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The exercise-equipment company said quarterly revenue declined 22% as demand for connected fitness equipment continued to fall.
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PayPal's net income is expected to rise 53% after the company reined in costs during Q1 2023 amid a challenging economy.
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Uncertainty continues to pummel the banking industry, despite assurances from financial regulators and bankers such as Jamie Dimon this week that the worst of the recent crisis is over and the health of the banking system remains strong. Bank shares have sold off on Wall Street this week following the government seizure and subsequent sale of First Republic Bank to JPMorgan. It was the second-largest bank failure in U.S. history and the third failure of a midsize lender in two months.
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The animal health provider maintained its guidance for full year 2023 after first quarter earnings beat expectations.
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The companies said the decision was made after TD Bank considered that obtaining the regulatory prerequisites wasn’t certain.
( 25
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The biotech reports first-quarter profit of 19 cents a share, beating estimates of a $1.75 loss. Moderna also reiterates its Covid-19 vaccine sales outlook.
( 37
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With a slowing global economy crimping demand, Moscow appears not to have followed through on pledges to ax output.
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Employers think remote work is merely a benefit they can roll back in times of economic hardship–but there are deeper issues at stake.
( 40
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The world’s largest brewer finally has another reason for making headlines besides its Bud Light marketing blunder: Stellar earnings.
( 41
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One of the most successful stock pickers of all time admitted years ago that he was “dead wrong” on an earlier oil-company investment. What’s changed for Berkshire Hathway?
( 28
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The iPhone maker is expected to report that its sales declined as demand has waned for some of its products after reaching record levels during the pandemic.
( 27
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Shell is to hand $12bn (£9.6bn) back to shareholders after posting a record quarterly profit of $9.7bn, triggering fresh calls for a bigger windfall tax on energy companies.
( 39
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First-quarter earnings at Shell were $9.7 billion, slightly lower than the fourth quarter, but substantially higher than analysts' estimates of $8 billion.
( 33
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PacWest shares plummeted by 50pc in after hours trading in New York amid talks of a rescue for the US regional bank.
( 41
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Shares of the iPhone maker are up 31% this year, though Wall Street is forecasting another year-over-year sales decline in the latest quarter.
( 34
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(Bloomberg) -- PacWest Bancorp said deposits have increased since March and confirmed it’s in talks with several potential investors, seeking to calm markets after a 60% stock rout that made it the new focal point of concern over the health of US regional lenders.Most Read from BloombergZelenskiy Denies Ukraine Sent Drones to Hit Putin, KremlinPacWest Is Weighing Strategic Options, Including Possible SaleBanker Pay Surges For Those Willing to Work in Saudi ArabiaUS Looks Past India’s Rights Reco
( 39
min )
(Bloomberg) -- The rally in US Treasuries is set to accelerate as the world’s biggest economy slides toward a recession, analysts say.Most Read from BloombergZelenskiy Denies Ukraine Sent Drones to Hit Putin, KremlinPacWest Is Weighing Strategic Options, Including Possible SaleBanker Pay Surges For Those Willing to Work in Saudi ArabiaUS Looks Past India’s Rights Record as China Worries DeepenNigeria Targeted a UK Mansion; Its Next Leader’s Son Now Owns ItBenchmark 10-year yields may fall to as
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Coinbase is expected to report a first-quarter loss of $1.98 a share on Thursday, but many analysts are more focused on the regulatory backdrop.
( 34
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Weight-loss drugs from companies such as Eli Lilly and Novo Nordisk are poised to become big sellers. It isn’t too late to invest.
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min )
(Bloomberg) -- After a wave of selling over the last week it was little surprise when US crude futures opened lower on Thursday, but few traders were braced for the 7.2% plunge that unfolded in the first dramatic minutes of trading.Most Read from BloombergZelenskiy Denies Ukraine Sent Drones to Hit Putin, KremlinPacWest Is Weighing Strategic Options, Including Possible SaleBanker Pay Surges For Those Willing to Work in Saudi ArabiaUS Looks Past India’s Rights Record as China Worries DeepenNigeri
( 39
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(Bloomberg) -- Within hours of the Federal Reserve’s latest policy decision, traders and commentators alike had started to challenge Chair Jerome Powell’s assessment of the economy.Most Read from BloombergZelenskiy Denies Ukraine Sent Drones to Hit Putin, KremlinPacWest Is Weighing Strategic Options, Including Possible SaleBanker Pay Surges For Those Willing to Work in Saudi ArabiaUS Looks Past India’s Rights Record as China Worries DeepenNigeria Targeted a UK Mansion; Its Next Leader’s Son Now
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(Bloomberg) -- Oil sank to its lowest since 2021 as weak demand data from the US added to concerns that the global economy is set for a recession.Most Read from BloombergZelenskiy Denies Ukraine Sent Drones to Hit Putin, KremlinNigeria Targeted a UK Mansion; Its Next Leader’s Son Now Owns ItUS Looks Past India’s Rights Record as China Worries DeepenBanker Pay Surges For Those Willing to Work in Saudi ArabiaCarl Icahn’s Wealth Plunges $10 Billion on Hindenburg Short-Seller ReportWest Texas Interm
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Another regional bank, PacWest Bancorp, is mulling a sale or other moves, according to Bloomberg. Raising capital and breaking up its businesses are other options.
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The firms are set to pay $30 a share, or about $3 billion, for the industrial-parts manufacturer, according to people familiar with the matter.
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Wednesday evening, Albemarle reported first-quarter adjusted earnings per share of $10.32 from sales of $2.6 billion. Wall Street was looking for $7 and $2.7 billion, respectively.
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Energieleveranciers hebben redelijke prijzen gevraagd voor gas en elektra in het eerste kwartaal van dit jaar. Dat concludeert de Autoriteit Consument & Markt (ACM) na onderzoek. Volgens de toezichthouder zijn de hoge energieprijzen het gevolg van de onstuimige markt en is er geen sprake van woekerprijzen.
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Energieleveranciers hebben redelijke prijzen gevraagd voor gas en elektra in het eerste kwartaal van dit jaar. Dat concludeert de Autoriteit Consument & Markt (ACM) na onderzoek. Volgens de toezichthouder zijn de hoge energieprijzen het gevolg van de onstuimige markt en is er geen sprake van woekerprijzen.
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De Europese Centrale Bank (ECB) heeft haar belangrijkste rentetarief opnieuw verhoogd. Belangrijkste doel is om de inflatie terug te brengen richting de 2 procent. Tot nu toe is de inflatie ondanks zes eerdere renteverhogingen hooguit gestabiliseerd.
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Het duurt nog enkele dagen voordat alle winkels van Albert Heijn in ons land optimaal bevoorraad zijn. De werkzaamheden in de verschillende distributiecentra zijn opgestart. Vooral in het noordoosten en zuidwesten van het land is er gebrek aan verse en houdbare producten.
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Honderden medewerkers van autofabrikant VDL Nedcar in het Limburgse Born zijn donderdagochtend opnieuw in staking gegaan. Onderhandelingen tussen de vakbonden en de directie van de fabriek liepen eerder deze week vast, waarna woensdag een wilde staking uitbrak.
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Honderden medewerkers van autofabrikant VDL Nedcar in het Limburgse Born zijn donderdagochtend opnieuw in staking gegaan. Onderhandelingen tussen de vakbonden en de directie van de fabriek liepen eerder deze week vast, waarna woensdag een wilde staking uitbrak.
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Dankzij vollere winkelmandjes en een efficiëntere logistiek is het verlies van Zalando in het eerste kwartaal van dit jaar gehalveerd. Vorig jaar zakten de winstcijfers van de online kledingwinkel in elkaar omdat de consument na corona weer steeds meer naar fysieke winkels ging.
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De Finse krant Helsingin Sanomat omzeilt de Russische censuur via de populaire game Counter-Strike: Global Offensive (CS:GO). De krant heeft in het spel een wereld gebouwd waar Russische spelers in een geheime ruimte informatie over de oorlog in Oekraïne kunnen vinden.
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De geschorste Strukton-bestuursvoorzitter Gerard Sanderink krijgt alvast een opvolger. Het bouwbedrijf heeft voormalig BAM-topman Rob van Wingerden aangesteld. Strukton voert een procedure om definitief van Sanderink af te komen.
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min )
Werknemers belonen als ze nieuwe collega's binnenhalen, nieuw personeel hoger in de loonschaal plaatsen: alles wordt door werkgevers uit de kast gehaald om personeel aan te trekken. Maar die extraatjes die nodig zijn in de strijd tegen hoog personeelsverloop, zorgen er tegelijkertijd ook voor dat werknemers sneller vertrekken.
( 3
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Shell had in het eerste kwartaal van dit jaar te maken met lagere prijzen voor olie en gas dan vorig jaar. Toch zette de energiereus een winst in de boeken van maar liefst 9,6 miljard dollar (8,6 miljard euro). Een stijging van 6 procent ten opzichte van een jaar eerder.
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Het ergste van de gascrisis lijkt achter ons te liggen. Zo zijn de prijzen flink gezakt na de extreme stijgingen van vorig jaar. Daarom is het internationaal energieagentschap IEA voorzichtig optimistisch over de toekomst. Wel zijn er nog onzekerheden die roet in het eten kunnen gooien.
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Albert Heijn en vakbonden CNV en FNV gaan binnenkort weer met elkaar om tafel over een nieuwe cao voor medewerkers van distributiecentra. De stakingen die vorige week begonnen en elf dagen duurden, veroorzaakten veel lege schappen in de supermarkt.
( 4
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"Rechtvaardig, uitvoerbaar en ambitieus." Die woorden omschrijven volgens klimaatminister Rob Jetten zijn pakket maatregelen om de CO2-uitstoot extra terug te dringen. Toch gaat maar een klein puntje van de subsidietaart naar mensen in (energie)armoede. Een flink deel gaat naar de industrie en naar waterstofproductie.
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Albert Heijn en vakbonden CNV en FNV gaan binnenkort weer met elkaar om tafel over een nieuwe cao voor medewerkers van distributiecentra. De stakingen die vorige week begonnen veroorzaakten veel lege schappen in de supermarkt.
( 3
min )
"Rechtvaardig, uitvoerbaar en ambitieus." Die woorden omschrijven volgens klimaatminister Rob Jetten zijn pakket maatregelen om de CO2-uitstoot extra terug te dringen. Toch gaat maar een klein puntje van de subsidietaart naar mensen in (energie)armoede. Een flink deel gaat naar de industrie en naar waterstofproductie.
( 7
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(Bloomberg) -- China is putting the yuan front and center in its fight back against the US's unique influence over global money.Most Read from BloombergZelenskiy Denies Ukraine Sent Drones to Hit Putin, KremlinNigeria Targeted a UK Mansion; Its Next Leader’s Son Now Owns ItUS Looks Past India’s Rights Record as China Worries DeepenBanker Pay Surges For Those Willing to Work in Saudi ArabiaCarl Icahn’s Wealth Plunges $10 Billion on Hindenburg Short-Seller ReportPresident Xi Jinping's government h
( 43
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The mobile-phone chip maker is diversifying into new areas as its core market slows.
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The regional firm has been among the most volatile bank stock since the failure of Silicon Valley Bank triggered a deposit run.
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(Bloomberg) -- Regional US banking stocks joined a broad market rally ahead of a Federal Reserve decision, easing Tuesday’s deep selloff after the failure of troubled lender First Republic Bank prompted investors to renew their scrutiny on the sector’s prospects. Most Read from BloombergZelenskiy Denies Ukraine Sent Drones to Attack Putin in KremlinNigeria Targeted a UK Mansion; Its Next Leader’s Son Now Owns ItCarl Icahn’s Wealth Plunges $10 Billion on Hindenburg Short-Seller ReportUS Gives a ‘
( 40
min )
(Bloomberg) -- Hindenburg Research is targeting Carl Icahn’s investment firm as its latest victim, but short-sellers haven’t made much off the company’s $6.3 billion wipeout largely because Wall Street is so reluctant to bet against the billionaire.Most Read from BloombergZelenskiy Denies Ukraine Sent Drones to Hit Putin, KremlinNigeria Targeted a UK Mansion; Its Next Leader’s Son Now Owns ItCarl Icahn’s Wealth Plunges $10 Billion on Hindenburg Short-Seller ReportUS Looks Past India’s Rights Rec
( 40
min )
My retirement savings were wiped out in market changes over the last couple of years. I am planning on working for about five more years. What investment suggestions do you have this late in the game? – Daniel Sorry to … Continue reading → The post Ask an Advisor: My Retirement Savings Were Wiped Out. How Can I Recoup My Recent Investment Losses This ‘Late in the Game?' appeared first on SmartAsset Blog.
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Anheuser-Busch's first-quarter earnings won't reveal the financial impact of a boycott over social media influencer Dylan Mulvaney. But analysts will likely ask about it.
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Stocks gave up their gains in late afternoon trading, after Federal Reserve Chairman Jerome Powell said the central bank was unlikely to cut rates this year.
Around 3:50 p.m. ET, the S&P 500 was down 0.2%, the Dow Jones Industrial Average was off 0.4%, and the Nasdaq Composite was up 0.2%.
Prior t
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There’s a good chance guidance was conservative.
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Kansas-based investor Stewart Horejsi became a billionaire sensation with a rags-to-riches story that is the envy of many. See Next: Gamers Making Thousands Selling Gaming Skins And Assets: Gameflip's Bold Vision For The Future Of Gaming Commerce While most people believe that becoming a billionaire requires a lifetime of dedication, hard work and a stroke of luck, Horejsi's journey to the top was all thanks to one savvy investment that changed his life forever. Horejsi is now worth an estimated
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It’s no secret that U.S. Sen. Bernie Sanders is not a fan of America’s billionaires. When CNN host Chris Wallace asked him whether he believed the government should “confiscate all the rest” once a person makes over $999 million, the senator’s answer was affirmative. “Fine, yes, I think people can make it on $999 million,” he said. “I think that they can survive just fine.” Sanders emphasized that his view that billionaires shouldn’t exist does not constitute a personal attack on any specific bi
( 40
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Dave Ramsey, best-selling author and personal finance expert, has been teaching people how to build wealth since 1992. He’s the host of “The Ramsey Show,” a radio show and podcast with over 20 million listeners per week, and has appeared on more TV shows than you can count, including “Good Morning America,” “CBS Mornings,” “Today,” Fox News and CNN. Don’t Miss: Kevin O'Leary-Backed Startup Lets You Become a Venture Capitalist With $100 According to GOBankingRates, Ramsey is one of Money’s Most I
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The Fed continues to push the federal funds rate higher to curb inflation, which has slowed but still poses an economic threat.
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“Sell in May and go away” might be a well-known maxim telling investors to keep their distance from the stock market for a while during this time of year, but if a Bank of America prediction is about to play out, investors may want to consider re-entering the market before the hot season kicks off. That’s because BofA technical strategist Stephen Suttmeier thinks various technical indicators are signaling the stock market is readying to push higher by as much as 5% over the summer – that is, aft
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The billionaire investors entered a bitter feud a decade ago when Ackman made a $1 billion bet against nutritional supplements company Herbalife.
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Why pick one factor or style of investing when you can have them all?
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Here are key takeaways from the Federal Reserve's interest-rate decision and statement on Wednesday: Federal Open Market Committee raises benchmark rate by 25 basis points, as forecast, to target range of 5%-5.25%; omits prior language saying “some additional policy firming” may be warranted, suggesting Fed could pause at the next meeting Instead, FOMC will take into account various factors “in determining the extent to which additional policy firming may be appropriate” Inflation remains elevat
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Daqo New Energy Corp. and First Solar Inc are among top alternative energy names this quarter.
( 22
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Unity Software Inc (NYSE: U) is amid its third and largest round of layoffs in the past year, joining the downsizing bandwagon. Unity is slashing roughly 600 jobs, about 8% of its workforce. Unity is also planning to reduce its global network of offices over the next few years to fewer than 30 from 58 today, the Wall Street Journal reports. The job cuts come after Unity let go more than 500 employees in two rounds of layoffs, one this January and another last June, as macro headwinds weigh. The
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The Democratic senator raised concerns about the deal reigniting the “Too Big to Fail” problem.
( 40
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(Bloomberg) -- Large hedge funds would have just three days to privately tell US regulators about extraordinary investment losses and major margin events under a new rule that’s set to be approved by the Securities and Exchange Commission. Most Read from BloombergNigeria Targeted a UK Mansion; Its Next Leader’s Son Now Owns ItCarl Icahn’s Wealth Plunges $10 Billion on Hindenburg Short-Seller ReportWall Street Rattled by 15% Tumble in Pair of Banks: Markets WrapRussia Says It Foiled Kremlin Drone
( 39
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(Bloomberg) -- The selloff in Icahn Enterprises LP triggered by a short report deepened on Wednesday, sending the stock to its lowest since December 2010. Most Read from BloombergRussia Says It Foiled Kremlin Drone Attack Aimed At PutinNigeria Targeted a UK Mansion; Its Next Leader’s Son Now Owns ItCarl Icahn’s Wealth Plunges $10 Billion on Hindenburg Short-Seller ReportUS Gives a ‘Free Pass’ to India as Worry Over China Rivalry DeepensWall Street Rattled by 15% Tumble in Pair of Banks: Markets
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U.S.-traded oil prices fell below $70 per barrel for the first time since March on Wednesday morning.
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Pfizer Inc (NYSE: PFE) is reportedly looking to start selling its stake in Haleon plc (NYSE: HLN). In June last, the pharma giant announced its plans to exit the ownership interest in Haleon in a disciplined manner after the demerger. Pfizer's CFO, Dave Denton, told the Financial Times that it intends to offload that stake in a "slow and methodical" manner within months. Pfizer retained its 32% stake in Haleon. GSK Plc (NYSE: GSK) has up to 13.5% in Haleon, while GSK shareholders will own the re
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For young workers, a six-figure salary is the marker of success.
( 38
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For the past month, the S&P 500 has been hovering mostly around the 4100s without breaking out meaningfully in either direction. However, J.P. Morgan’s head of technical strategy Jason Hunter thinks that is about to end, and not in a good way for the bulls – at least in the short term. “We continue to expect a sell off from that area to retest medium-term support at the 3764 Dec low and 3760 Oct 61.8% retrace this spring, and look for an eventual extension back to key levels near 3500 by early s
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The Euro rallied a bit during the trading session on Wednesday as we waited for the Federal Reserve decision, and then of course the Thursday ECB decision.
( 39
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The retailer was a star stock during its first 20 years as a public company, but things fell apart in recent years.
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I'm over age 72. What can I do about avoiding the required minimum distribution (RMD) tax bite? I have a steady stream of other income. -Bernie Tax-deferred accounts, such as 401(k)s and traditional individual retirement accounts (IRAs), are potentially great … Continue reading → The post Ask an Advisor: I'm Over Age 72. How Do I Avoid the RMD Tax Bite? appeared first on SmartAsset Blog.
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An individual retirement account, more commonly referred to as an IRA, is a good place to save for your retirement. Once you reach a certain age, though, you'll have to start taking a minimum amount out of your account each … Continue reading → The post IRA Required Minimum Distribution (RMD) Table for 2023 appeared first on SmartAsset Blog.
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As markets tumble, folks nearing retirement are scrambling to locate strategies that will help them protect their nest eggs and grow their wealth. But if you're over 50 and currently in the workforce, you may specifically want to consider a … Continue reading → The post T. Rowe Price Says Workers Over 50 Should Do This in a Down Market appeared first on SmartAsset Blog.
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Determining when to retire can be tough. There are various factors to consider, including your financial situation, your health, and the lifestyle you wish to enjoy once you retire. While the decision of when to retire is personal to you, … Continue reading → The post When Do People Retire on Average appeared first on SmartAsset Blog.
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The Baby Boomer generation is reaching retirement age in record numbers. With more Boomers retiring on a daily basis, it helps to understand how prepared they are to leave their jobs for good. In this article, we’ll discuss the average … Continue reading → The post Average Retirement Savings for Baby Boomers appeared first on SmartAsset Blog.
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Darden Restaurants is buying the steakhouse chain in an all-cash deal with an equity value of $715 million.
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The food maker said price increases dented sales volumes.
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Amazon is shifting investments to its noncore businesses and international expansion after slowing e-commerce sales and layoffs.
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Megacap tech stocks have led the S&P 500 higher this year. The reason why further highlights the importance of Wednesday's Fed decision for markets.
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min )
Ford reported first quarter operating profit of $3.4 billion, up from $2.3 billion a year ago. Wall Street was looking for $2.5 billion. Now analysts are weighing in on Ford's results.
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The auto makers all reported better-than-expected first-quarter numbers. All three stocks are down.
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The company posted a net profit of $2.14 billion for the first quarter.
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The health giant lowers earnings guidance for the full year.
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CVS Health beat first-quarter expectations on a jump in revenue from its pharmacy benefits management business but chopped the 2023 earnings projections it issued in the fall. The drugstore chain, pharmacy benefit manager and insurer said Wednesday that it now expects adjusted earnings of $8.50 to $8.70 per share for the year. In the third quarter, adjusted earnings totaled $2.20 per share, on $85.3 billion in total revenue.
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Shares of PacWest, Western Alliance, and other regional lenders extend losses.
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Dividend stocks are core for the famed investor, whose fans will flock to Omaha, Neb., on Saturday for Berkshire Hathaway’s annual meeting.
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(Bloomberg) -- Oil steadied in Asia after tumbling 5% on Tuesday as data pointed to a possible US recession and investors shunned risk assets.Most Read from BloombergNigeria Targeted a UK Mansion; Its Next Leader’s Son Now Owns ItCarl Icahn’s Wealth Plunges $10 Billion on Hindenburg Short-Seller ReportWall Street Rattled by 15% Tumble in Pair of Banks: Markets WrapIBM to Pause Hiring for Jobs That AI Could DoRegional Bank Shares Plunge on Fear of More Rescues to ComeBrent held above $75 a barrel
( 39
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The retailer was a star stock during its first 20 years as a public company, but things fell apart in recent years.
( 23
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(Bloomberg) -- The US regional banking crisis is far from over and the Federal Reserve should pause its rate hike campaign, according to former Federal Reserve Bank of Dallas President Robert Kaplan. Most Read from BloombergNigeria Targeted a UK Mansion; Its Next Leader’s Son Now Owns ItCarl Icahn’s Wealth Plunges $10 Billion on Hindenburg Short-Seller ReportWall Street Rattled by 15% Tumble in Pair of Banks: Markets WrapIBM to Pause Hiring for Jobs That AI Could DoRegional Bank Shares Plunge on
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Russia's gas production has reportedly dropped by 10pc in a blow to Vladimir Putin's efforts to fund his war in Ukraine.
( 37
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(Bloomberg) -- The International Monetary Fund expects Saudi Arabia won’t balance its budget if oil is below $80 a barrel, a revision that means the kingdom will move back into fiscal deficit after its first surplus in almost a decade.Most Read from BloombergNigeria Targeted a UK Mansion; Its Next Leader’s Son Now Owns ItCarl Icahn’s Wealth Plunges $10 Billion on Hindenburg Short-Seller ReportWall Street Rattled by 15% Tumble in Pair of Banks: Markets WrapIBM to Pause Hiring for Jobs That AI Cou
( 39
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Any debt-ceiling-related stock decline will almost certainly be temporary. Stocks may even benefit from a default as investors regain their senses and realize U.S. stocks are among the world’s best stores of value.
( 23
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The maker of mobile processors and 5G wireless chipsets reports its latest quarterly earnings after the close Wednesday.
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(Bloomberg) -- Albemarle Corp. is aiming to spend between $1.25 billion and $1.5 billion to double its lithium hydroxide output in Australia to a volume that it estimates could power more than two million electric cars a year.Most Read from BloombergNigeria Targeted a UK Mansion; Its Next Leader’s Son Now Owns ItWall Street Rattled by 15% Tumble in Pair of Banks: Markets WrapCarl Icahn’s Wealth Plunges $10 Billion on Hindenburg Short-Seller ReportIBM to Pause Hiring for Jobs That AI Could DoRegi
( 39
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A massive amount of funds got poured by Apple credit cardholders into the high-yield savings accounts offered by the tech giant with Goldman Sachs upon their rollout, according to Forbes.
( 39
min )
The software company’s move to let go about 600 employees follows a recent string of job cuts in the tech industry and beyond.
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The latest economic data presents a mixed picture for the US economy. The growth data for the first quarter has been released, indicating that the GDP increased by only 1.1%, which is a sharp slowdown from 2H22, and feeding fears of a recession later this year. On the inflation front, the steady rise in prices has been easing back, and the March year-over-year number was just 5%, below the forecast and the lowest in nearly 2 years. The moderating inflation rate is an indicator that the Fed’s pol
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(Bloomberg) -- Just a day after Wall Street breathed a sigh of relief with the rescue of First Republic Bank, a tumble in US regional lenders fueled renewed anxiety over financial stability, sinking stocks across the board and spurring a flight to the safest corners of the market.Most Read from BloombergNigeria Targeted a UK Mansion; Its Next Leader’s Son Now Owns ItWall Street Rattled by 15% Tumble in Pair of Banks: Markets WrapIBM to Pause Hiring for Jobs That AI Could DoMorgan Stanley Plans 3
( 39
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U.S. equities were lower on May 3, 2023, as Fed policymakers raised interest rates but suggested that they might pause their tightening campaign.
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min )
With the Federal Reserve delivering its tenth rate hike in 14 months, you may see changes in what you can earn at the bank, but also perhaps what you'll pay to borrow.
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The list of the 500 companies that make up the S&P 500 is called its constituent list and includes many well-known names.
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The Dow dropped 250 points with Walgreens taking the index lower after rival CVS cut its profit outlook.
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In order to grow and thrive in a shifting landscape, financial advisors need to build stronger relationships with clients and prospects.
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Sometimes providing advice is as much about managing client behavior as it is about asset allocation and retirement projections.
( 23
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Certificates of deposit can help you grow your savings over time. Learn the best age to get a CD account.
( 23
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Learn how to discuss financial constraints with clients, including time horizon, tax and regulatory constraints, as well as basic risk management.
( 22
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These 5 strategies offer financial advisors and financial advisory firms a blueprint on how to grow their practices and ensure their long-term success.
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These nine event ideas for financial advisors will help you grow your firm by gaining new prospects and showing clients you appreciate them.
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Personal loans are a type of funding that usually includes a fixed interest rate, which is typically lower than what's offered by most credit cards.
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Getting your first clients as a financial advisor can be a challenge and takes time. Learn how to get clients as a financial advisor here.
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If you want to switch your financial advisor, follow these four steps to make a clean break and watch out for unexpected fees and penalties.
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A career as a financial advisor offers opportunities not found in other industries but building a client base can be stressful and difficult.
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The British royal family has a combined net worth in the billions—here is a look at their properties and assets, and the sources of their wealth.
( 20
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The Federal Reserve once again increased the pressure pushing down on inflation—and the economy—raising its benchmark interest rate by a quarter-point in its tenth and what could be the final rate hike of its current campaign.
( 19
min )
Financial securities licenses like Series 7 and Series 63 are required by individuals who market and sell investments or securities.
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Mortgage rates were slightly up Tuesday, with the 30-year average rising four points while 30-year jumbo averages remain unchanged.
( 19
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Treasury stock is previously outstanding stock bought back from stockholders by the issuing company.
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Daqo New Energy Corp. and First Solar Inc are among top alternative energy names this quarter.
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Led by PetroChina Co. Ltd, these are the 10 biggest Chinese companies by revenue.
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With Berkshire Hathaway leading the pack, these are the 10 biggest insurance companies by revenue.
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President Biden's 2024 budget proposal includes a potential 30% tax on crypto miners' electricity costs by 2027, but it could be tough to implement and easy for miners to avoid.
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Mortgage insurance premium (MIP) is paid by homeowners as mortgage insurance for Federal Housing Administration (FHA) loans.
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With CVS Health in the #1 spot, these are the 10 biggest healthcare companies by revenue.
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Free cash flow (FCF) represents the cash a company can generate after accounting for capital expenditures needed to maintain or maximize its asset base.
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A home equity line of credit (HELOC) might be the best way to access home equity when interest rates are high and rising. Learn how to get a home equity line of credit.
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The Asian Americans called upon to run the world's largest companies generally haven’t disappointed.
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Developed to net premiums earned is the ratio of developed premiums to net premiums earned over a given time period.
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Commercial general liability (CGL) insurance covers a business against claims of property damage, bodily injury, libel, slander, or false advertising. Learn more.
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A certificate of deposit (CD) is a savings product that earns interest on a lump-sum deposit that’s untouched for a predetermined period of time.
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The trend of lower refunds and more balances owed will likely continue in coming years, thanks to tax law changes.
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Crypto exchange Coinbase is expected to post higher earnings despite a slowdown in revenue. However, headwinds from regulation and a new lawsuit could hamper the company's finances.
( 20
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De Amerikaanse Federal Reserve (Fed) heeft de rente woensdag voor de tiende keer in een jaar tijd opgeschroefd. Daardoor ligt het belangrijkste rentetarief in de Verenigde Staten met 5 tot 5,25 procent op het hoogste niveau in zestien jaar.
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Duitsland heeft maandag een goedkoop abonnement voor het openbaar vervoer ingevoerd. Ondanks enthousiaste reacties in Nederland is de kans klein dat ook wij voor een lager tarief onbeperkt de trein en bus kunnen pakken.
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De Federal Reserve heeft de Amerikaanse rente woensdag voor de tiende keer in een jaar tijd opgeschroefd. Daardoor ligt het belangrijkste rentetarief in de Verenigde Staten met 5 tot 5,25 procent op het hoogste niveau in zestien jaar tijd.
( 3
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Duitse Sparkasse-banken gaan lijm gebruiken om ervoor te zorgen dat geld onbruikbaar wordt na een plofkraak. De methode heeft in Nederland al voor een flinke afname in het aantal plofkraken gezorgd. In Duitsland zijn plofkraken juist flink toegenomen doordat Nederlandse bendes de grens overgaan.
( 3
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Duitse Sparkasse-banken gaan lijm inzetten om ervoor te zorgen dat het geld onbruikbaar wordt na een plofkraak. De methode heeft in Nederland al voor een flinke afname in het aantal plofkraken gezorgd. Tegelijkertijd is het aantal plofkraken in Duitsland juist flink toegenomen doordat Nederlandse bendes de grens overgaan.
( 3
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De olieprijs blijft dalen en dat zorgt voor de laagste prijzen sinds eind 2021. Tegelijk zakte de benzineprijs aan de pomp in de afgelopen maanden minder hard. Ook is er nog extra accijns in aantocht.
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Schiphol wil twaalf boerderijen verkopen die de luchthaven heeft opgekocht voor de stikstofrechten. Wel wil Schiphol "uiteraard" die stikstofrechten houden, laat de luchthaven weten.
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min )
Pringles-chips die in het Belgische Mechelen worden geproduceerd krijgen een recyclebare verpakking. De bodem van de bussen wordt geheel van papier, zodat de verpakking voor 90 procent herbruikbaar is.
( 3
min )
De politie heeft haar TikTok-verbod uitgebreid uit angst voor spionage vanuit China. Politiemedewerkers mochten de app al niet op werktelefoons gebruiken en nu ook niet meer op bijvoorbeeld tablets. Agenten die TikTok voor hun werk moeten gebruiken, krijgen daarvoor een speciale TikTok-telefoon.
( 3
min )
De pinstoring van dinsdagmiddag werd toch veroorzaakt door een betaaldienstverlener, bevestigt Betaalvereniging Nederland aan NU.nl. Vanwege de problemen ontstonden rijen aan de kassa's bij onder meer Albert Heijn, Lidl en Blokker.
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Transavia heeft voor de periode tot zondag nog eens 42 vluchten geschrapt. Het gaat om 21 retourvluchten van en naar Schiphol en de luchthavens van Rotterdam en Eindhoven. Enkele duizenden passagiers zijn de dupe, maar zij worden wel gecompenseerd.
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min )
Goed nieuws voor starters op de woningmarkt: koophuizen zullen rond het najaar iets betaalbaarder zijn. Dat komt doordat de inkomens stijgen en de huizenprijzen waarschijnlijk verder dalen.
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min )
Supermarkten verkochten in 2022 minder vlees dan het jaar ervoor. Vooral vers vlees ging minder vaak over de toonbank. Dat concludeert dierenwelzijnsorganisatie Wakker Dier, die naar de kassascangegevens van supermarkten heeft gekeken.
( 3
min )
Starbucks doet er alles aan om klanten nog meer te laten uitgeven. Behalve dat een kopje koffie in de afgelopen drie maanden duurder werd, maakte de Amerikaanse keten er veel werk van om mensen meer te laten kopen, zoals gebak of een smaakje voor door de koffie.
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Werknemers met een brutomaandloon tot 3.000 euro ontvangen dit jaar iets meer vakantiegeld. Dat geldt niet voor de hogere inkomens. Die gaan er volgens hr- en salarisdienstverlener ADP juist op achteruit.
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Deze week wordt er bij vakbond FNV gestaakt en dat is zeldzaam. Medewerkers van de bond willen dat hun lonen gelijke tred houden met de inflatie. Een zogenoemde vakbondsbestuurder onderhandelt over arbeidsvoorwaarden en lonen. Bij de FNV verdient zo'n onderhandelaar al gauw meer dan 5.000 euro per maand, plus vergoedingen en een leaseauto.
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A correspondent bank is a financial institution authorized to provide services on behalf of another financial institution. Learn how correspondent banks work.
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U.S. equities tumbled on May 2, 2023, ahead of the Fed decision on interest rates and amid concerns about banks.
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Personal loan rates eased slightly after four consecutive weeks of increases, lowering the overall average by five basis points.
( 16
min )
A Roth IRA conversion shifts money from a traditional IRA to a Roth IRA. There may be long-term tax benefits but there can also be costs.
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Expect the unexpected with just four types of insurance that everyone should have.
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Money orders are safe and easy to buy or cash at U.S. banks, credit unions, post offices, retailers, grocers, and convenience stores.
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min )
A game-changer can be a person who is a visionary or a company that alters its business strategy and conceives an entirely new business plan.
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Learn how the market segmentation theory for different maturities of interest rates seeks to describe the shape of the yield curve.
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min )
Cognitive biases involve decision-making based on concepts that may not be accurate. Emotional biases are based on personal feelings while a decision is made.
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Capitalized interest is the cost of borrowing to acquire or construct a long-term asset, which is added to the cost basis of the asset on the balance sheet.
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Services revenue—including App Store, iCloud, Apple Music, Siri—likely hit record levels even as device sales slowed.
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Planning a sale or transition of your practice over time can help ease your clients into it and can net you a higher sale price.
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A loan is money, property, or other material goods given to another party in exchange for future repayment of the loan value amount with interest.
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A vendor is a party in the supply chain that makes goods and services available to companies or consumers.
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min )
Understanding these three common measures of profitability can help you take a deeper look at a company's profit margin.
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min )
Shares of PacWest and other regional banks slid double-digits in intra-day trading Tuesday over concerns that the turmoil in regional banking is far from over.
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min )
High-priced West Coast markets have taken the biggest beating in a housing market suffering an affordability shock.
( 16
min )
Shares of Chegg (CHGG) are plunging after the provider of homework help warned its subscriber growth is being impacted by the use of the ChatGPT AI chatbot.
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min )
An A-B trust is a joint trust created by a married couple for the purpose of minimizing estate taxes.
( 23
min )
Icahn Enterprises LP became the latest target of short activist Hindenburg Research. Unit prices for IEP were down about 15% after accusations of "ponzi-like" financing.
( 18
min )
Mortgage rates were mostly flat, with the 30-year average rising only a point and the 5/6 ARM and all jumbo averages marching in place.
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min )
Tax-loss harvesting is selling securities at a loss to offset the amount of capital gains tax owed on other investments.
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min )
The mRNA drugmaker will look to excite investors with its product pipeline as Covid earnings falter.
( 17
min )
Coinbase launched a new crypto-derivatives exchange in Bermuda, to offer contracts not allowed in the U.S. while expanding offshore amid regulatory uncertainty.
( 18
min )
Job seekers found fewer options in March as the labor market continued to descend from its pandemic-recovery heights.
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min )
Alpha (α) , used in finance as a measure of performance, is the excess return of an investment relative to the return of a benchmark index.
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Marathon Oil's net income may have plunged 70% in the first quarter of 2023 after last year's spike in oil prices fizzled out.
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min )
Fintech companies are increasingly offering home-equity loan and HELOC products. Learn how these loans work and how they compare to loans from traditional lenders.
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min )
Some small business owners don’t have the capital to get their companies off the ground. In these cases, it might make sense to take out either a personal or business loan, depending on their needs.
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min )
Fixed income refers to assets and securities that bear fixed cash flows for investors, such as fixed rate interest or dividends.
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min )
The U.S. could run out of cash by June 1, Janet Yellen warns. Here's a guide to the language and terms everyone's talking about.
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min )
Block is expected to say its loss narrowed in the first quarter of 2023 as revenue and gross payment volume grew, though at slower rates than during and even before the pandemic.
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min )
A memorandum of understanding (MOU) is a document describing the broad outlines of an agreement that two or more parties have reached.
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min )
Key person insurance is a life insurance policy that a company purchases on an owner, a top executive, or another individual critical to the business.
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min )
Ford reported first-quarter operating profit of $3.4 billion and earnings per share of 63 cents from sales of $41.5 billion. All three numbers were better than Wall Street expected but investors remained worried about the economy and rising rates.
( 23
min )
Expectations were high heading into the coffee retailer's second-quarter earnings. Guidance may have fallen short.
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min )
(Bloomberg) -- Corporate activist Carl Icahn’s fortune tumbled more than $10 billion Tuesday after short-seller Hindenburg Research accused him of using a “ponzi-like” economic structure at his investment company.Most Read from BloombergNigeria Targeted a UK Mansion; Its Next Leader’s Son Now Owns ItIBM to Pause Hiring for Jobs That AI Could DoWall Street Rattled by 15% Tumble in Pair of Banks: Markets WrapMorgan Stanley Plans 3,000 More Job Cuts as Dealmaking SlumpsJPMorgan Ends First Republic’
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A significant restructuring of the banking industry is underway, writes Brian Graham.
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(Bloomberg) -- Balaji Srinivasan, the former chief technology officer of Coinbase Global Inc., said he closed out what appeared to be a losing bet that Bitcoin would rise to $1 million within 90 days. Most Read from BloombergNigeria Targeted a UK Mansion; Its Next Leader’s Son Now Owns ItIBM to Pause Hiring for Jobs That AI Could DoMorgan Stanley Plans 3,000 More Job Cuts as Dealmaking SlumpsWall Street Rattled by 15% Tumble in Pair of Banks: Markets WrapJPMorgan Ends First Republic’s Turmoil Af
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min )
(Bloomberg) -- Icahn Enterprises LP’s steepest one-day plunge on record after Hindenburg Research disclosed a short call against the investment firm added to the list of big hits dealt by the short-seller that’s become a household name on Wall Street. Most Read from BloombergNigeria Targeted a UK Mansion; Its Next Leader’s Son Now Owns ItWall Street Rattled by 15% Tumble in Pair of Banks: Markets WrapIBM to Pause Hiring for Jobs That AI Could DoCarl Icahn’s Wealth Plunges $10 Billion on Hindenbu
( 39
min )
Excluding one-time items, Ford made 44 cents per share. Ford reaffirmed its earlier pretax profit guidance for the full year of $9 billion to $11 billion. Ford lost $722 million before taxes on its electric vehicles, but it made $2.62 billion on internal combustion vehicles.
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min )
PacWest Bancorp slid 28% and Western Alliance Bancorporation dropped by 15% following the sale of First Republic Bank to JPMorgan Chase on Monday.
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min )
The drugmaker has been on an M&A hot streak over the past couple of years.
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min )
In a leaked memo, AWS tells hiring managers about new constraints in place to control headcount growth.
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(Bloomberg) -- Just a day after Wall Street breathed a sigh of relief with the acquisition of First Republic Bank, a selloff in US regional lenders fueled renewed anxiety over financial stability, sinking stocks across the board and spurring a flight to the safest corners of the market.Most Read from BloombergNigeria Targeted a UK Mansion; Its Next Leader’s Son Now Owns ItIBM to Pause Hiring for Jobs That AI Could DoMorgan Stanley Plans 3,000 More Job Cuts as Dealmaking SlumpsJPMorgan Ends First
( 40
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Services revenue—including App Store, iCloud, Apple Music, Siri—likely hit record levels even as device sales slowed.
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The retailer is pressing a case with maritime regulators as it prepares to shut its U.S. stores.
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Fears of a recession have mounted since the U.S. Federal Reserve began hiking interest rates in early 2022. Although the latest gross domestic product (GDP) figures indicated growth, a recession could be imminent according to David Rosenberg, president of Rosenberg Research and former chief North American economist at Merrill Lynch. “The leading indicators are telling me that the recession is actually starting this quarter,” he said in a recent YouTube interview with Blockworks Macro. “If it’s n
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Anheuser-Busch wholesalers say they have faced plummeting sales and personal threats over backlash from a promotion with a transgender influencer.
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Nikola Corp (NASDAQ: NKLA) and decarbonization infrastructure provider Voltera signed a definitive agreement to develop the hydrogen fueling infrastructure to support Nikola's deployment of zero-emissions vehicles. Under the strategic partnership agreement, the parties plan to develop up to 50 HYLA stations throughout North America over the next five years. The partnership is a part of Nikola's prior announced plans to develop 60 stations by 2026. Voltera will site, build, own, and operate the s
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min )
The Federal Deposit Insurance Corporation (FDIC) released a report this week seeking reform of its deposit insurance system due to recent instability in multiple U.S. banks.
( 38
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Bill Gates was “virtually always right” one of his former colleagues has said—these are the top three skills the tech titan used to make sure he was always on the money.
( 40
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The stock market is dropping today, and something is clearly bothering it. That something is a recession.
Looking at the indexes, you know it’s a bad day. The Dow Jones Industrial Average has fallen 558.12 po
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The mRNA drugmaker will look to excite investors with its product pipeline as Covid earnings falter.
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Hindenburg Research questions Icahn Enterprises’ policies on asset valuations and its dividend policy.
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The major stock indexes were getting hit Tuesday after labor market data showed fraying at the edges, while worries of the Federal Reserve tightening into a banking crisis weighed on investors' minds.
The Dow Jones Industrial Average was down 550 points, or 1.6%. The S&P 500 fell 1.7%, and the Nasd
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(Bloomberg) -- Right-wing media entrepreneur Ben Shapiro has taken a $4.7 million stake in a struggling Israeli pharmaceutical company and joined the board.Most Read from BloombergNigeria Targeted a UK Mansion; Its Next Leader’s Son Now Owns ItJPMorgan Ends First Republic’s Turmoil After FDIC SeizureMorgan Stanley Plans 3,000 More Job Cuts as Dealmaking SlumpsIBM to Pause Hiring for Jobs That AI Could DoFirst Republic’s Jumbo Mortgages Brought On Bank’s FailureShapiro, 39, a co-founder of media
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The slide came a day after the Federal Deposit Insurance Corp. took control of First Republic Bank and sold most of it to JPMorgan Chase.
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Inflation inched higher across the eurozone last month amid high food prices, raising pressure on the ECB to raise interest rates later this week.
( 53
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(Bloomberg) -- Oil prices slid as concerns over short-term demand, including weaker-than-expected Chinese manufacturing data, outweighed expectations for tight supply later in the year.Most Read from BloombergJPMorgan Ends First Republic’s Turmoil After FDIC SeizureNigeria Targeted a UK Mansion; Its Next Leader’s Son Now Owns ItFirst Republic’s Jumbo Mortgages Brought On Bank’s FailureIBM to Pause Hiring for Jobs That AI Could DoMorgan Stanley Plans 3,000 More Job Cuts as Dealmaking SlumpsWest T
( 38
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U.S. and China's geopolitical tensions wiped off significant stock price gains of Alibaba Group Holding Limited (NYSE: BABA) from recent restructuring plans. Alibaba's organizational revamping plans instilled investor optimism over a valuation boost and drove chances of listing those units publicly, Bloomberg reports. Investors expected the restructuring and the subsequent IPOs to ward off the downside from the sudden halt of Ant Group's IPO in 2020. Unfortunately, the geopolitical frictions, co
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Marathon Oil's net income may have plunged 70% in the first quarter of 2023 after last year's spike in oil prices fizzled out.
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The oil major’s latest share buyback plan disappointed investors who have grown used to generous handouts.
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Short seller who targets companies takes aim at investor who targets companies
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Every investor is looking to gain an edge and beat the market and there are numerous strategies that can help in this undoubtedly difficult endeavor. One obvious game plan is to follow in the footsteps of Wall Street’s investing titans, and you can certainly put Ken Griffin in that bracket. The billionaire not only has a decades-long history of investing success, but his Citadel hedge fund also raked in the profits last year – a Wall Street record of $16 billion, in fact – done against a general
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Investors just won't give industrial companies a lot of credit for great Q1 results. They are too worried about the economy.
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The twin crashes in US commercial real estate and the US bond market have collided with $9 trillion uninsured deposits in the American banking system. Such deposits can vanish in an afternoon in the cyber age.
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Salary expectations have slightly decreased among early career job candidates but remain above employer expectations.
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(Bloomberg) -- Icahn Enterprises L.P. tumbled in premarket trading on Tuesday after becoming the latest target of a short call by Hindenburg Research.Most Read from BloombergJPMorgan Ends First Republic’s Turmoil After FDIC SeizureNigeria Targeted a UK Mansion; Its Next Leader’s Son Now Owns ItFirst Republic’s Jumbo Mortgages Brought On Bank’s FailureIBM to Pause Hiring for Jobs That AI Could DoMorgan Stanley Plans 3,000 More Job Cuts as Dealmaking SlumpsShares of Icahn Enterprises, where famed
( 38
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The EUR/USD pair has gone back and forth over the last couple of days, and it appears that Tuesday will simply be more of the same.
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Bitcoin has torn higher this year amid expectations of easier monetary policy from the Federal Reserve. That narrative will be put to the test Wednesday.
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Excluding revenue from Comirnaty and Pfizer’s Covid-19 pill Paxlovid, the company’s top line increased 5%.
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(Bloomberg) -- The speed of disruption brought on by a worldwide rush into artificial intelligence was on full display this week, sending shares of education-technology company Chegg Inc. plunging, prompting IBM to halt some hiring and prompting a chatbot ban at Samsung Electronics Co.Most Read from BloombergJPMorgan Ends First Republic’s Turmoil After FDIC SeizureNigeria Targeted a UK Mansion; Its Next Leader’s Son Now Owns ItFirst Republic’s Jumbo Mortgages Brought On Bank’s FailureIBM to Paus
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The education company warned that increasingly more students are turning to OpenAI’s ChatGPT for help with their homework, hurting its own new customer growth rate in March.
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American depositary receipts of BP traded down 5% in premarket trading on Tuesday after the British oil major disappointed investors with a slower rate of share buybacks, as falling oil prices hit cash flows. BP said in its first-quarter results that it plans to launch a $1.75 billion quarterly shar
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Pfizer topped Wall Street expectations Tuesday even as sales of its top-selling COVID-19 vaccine crumbled in the first quarter. Revenue from Pfizer’s Comirnaty vaccine fell 77% to $3 billion in the first three months of the year, compared with more than $13 billion in the same stretch last year. The drop was widely expected because the drugmaker is moving this year from supplying governments through big contracts to selling the vaccine on the commercial market.
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A Fortune report explains what propelled JPMorgan to land First Republic’s assets in an auction with several rival bidders.
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DuPont's first-quarter earnings top estimates but the materials giant reduces full-year guidance.
( 22
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Biden to meet House and Senate leaders as debt limit looms, the fight between Florida’s DeSantis and Disney escalates, and other news to start your day.
( 22
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MicroStrategy has emerged as one of the few companies to hold significant quantities of crypto, and Bitcoin's rally this year has buoyed its finances.
( 22
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British energy giant BP posted a strong quarterly profit on Tuesday even as oil and natural prices that soared after Russia's war in Ukraine last year have eased off. The company said the earnings report "reflects an exceptional gas marketing and trading result” and a “very strong oil trading result.” Oil companies around the world have been reporting bumper earnings in the wake of Russia's invasion of Ukraine in February 2022, which sent energy prices soaring and curtailed some of Moscow's supplies to the world.
( 39
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Chegg stock falls sharply after the online-education company says it has been seeing a 'significant spike in student interest in ChatGPT,' while Arista anticipates some of its biggest cloud customers soon could begin cutting back on spending.
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When Silicon Valley Bank was busy imploding earlier this year, and depositors were pulling their money out of shaky lenders to put it in safer-looking banks, the joke was that everyone was going to end up banking with JP Morgan. Now that the US uber-lender has agreed to acquire most of First Republic, another stricken bank, the gag is even less funny.
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Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.
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Taiwan-based Wistron is reportedly winding up its India operations.
( 39
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Trading oil and gas helped the British oil major achieve strong results in the first quarter, but its announced $1.75 billion buyback was smaller than analysts expected.
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The oil major posted underlying profit of $5 billion for the first three months of the year, up from $4.8 billion in the fourth quarter.
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Chinese EV maker BYD sells 104,364 battery-electric vehicles in April, up about 82% from the 57,403 delivered a year earlier.
( 22
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Bitcoin dipped to US$28,000 in Tuesday morning trading in Asia and then fell through that support line later in the morning. Ether and other top 10 cryptocurrencies also fell.
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"This will likely be the last hike of the cycle. This is thesis changing," Fundstrat said, predicting the S&P 500 could notch 4,750 by year-end.
( 38
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(Bloomberg) -- Coinbase Inc. Chairman and Chief Executive Officer Brian Armstrong, board member Marc Andreessen and other officers avoided more than $1 billion in losses by using inside information to sell stock within days of the cryptocurrency platform’s public listing two years ago, before bad news sent the share price tumbling, according to a lawsuit filed by an investor.Most Read from BloombergJPMorgan Ends First Republic’s Turmoil After FDIC SeizureFirst Republic’s Jumbo Mortgages Brought
( 39
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(Bloomberg) -- Chegg Inc. plummeted as much as 38% after warning that the ChatGPT tool is threatening growth of its homework-help services, one of the most notable market reactions yet to signs that generative AI is upending industries.Most Read from BloombergJPMorgan Ends First Republic’s Turmoil After FDIC SeizureFirst Republic’s Jumbo Mortgages Brought On Bank’s FailureBuffett Will Beat the Market as Recession Looms, Investors SayPeak Oil Spells Trouble for ConsumersIBM to Pause Hiring for Jo
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min )
Het aantal stakingen in ons land nam begin dit jaar flink toe, maar in 2022 werd ook al een stuk meer gestaakt dan een jaar eerder. Er deden vorig jaar wel minder mensen mee aan stakingen.
( 4
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Het Indiase staalconcern Tata Steel heeft in het afgelopen kwartaal een veel lagere winst geboekt dan een jaar eerder. Dit kwam mede door vertragingen van onderhoud op de locatie in IJmuiden.
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Met het einde van de Amerikaanse bank First Republic is de afgelopen dagen het rumoer in de bankenwereld teruggekeerd. In maart was het al wekenlang onrustig, omdat toen ook verschillende banken kopje-onder gingen. Is dit de voorbode van meer bankenellende?
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De Europese Commissie heeft de plannen om grote stikstofuitstoters vlak bij Natura 2000-gebieden uit te kopen goedgekeurd. Daarmee is een belangrijke stap gezet in het stikstofbeleid van het kabinet.
( 5
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Een landelijke pinstoring waardoor dinsdagmiddag lange rijen ontstonden in verschillende winkels is grotendeels opgelost. Mensen kunnen weer gewoon afrekenen met hun (digitale) betaalpas.
( 3
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Vanwege pinproblemen kunnen mensen in sommige supermarkten en andere winkels nu alleen met cash betalen. Betalen met de pinpas is dus niet overal mogelijk. De oorzaak van de storing is nog niet bekend.
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Opnieuw is er een alternatief voor Twitter dat de wind in de zeilen heeft: Bluesky. Zou dit platform veel gebruikers kunnen aantrekken en vasthouden? Bluesky heeft in elk geval één troef: Jack Dorsey zit erachter. De voormalige Twitter-directeur probeert het met een nieuw sociaal netwerk nu huidig eigenaar Elon Musk het ene na het andere twijfelachtige besluit neemt.
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Vanwege een pinstoring kunnen mensen in supermarkten en andere winkels nu alleen met cash betalen. Betalen met de pinpas is niet overal mogelijk. De oorzaak van de storing is nog niet bekend.
( 3
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Opnieuw is er een alternatief voor Twitter dat de wind in de zeilen heeft: Bluesky. Zou dit platform veel gebruikers kunnen aantrekken en vasthouden? Bluesky heeft in elk geval één troef: Jack Dorsey zit erachter. De voormalige Twitter-directeur probeert het met een nieuw sociaal netwerk nu huidig eigenaar Elon Musk het ene na het andere twijfelachtige besluit neemt.
( 6
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Lenen wordt door rentestijgingen steeds minder aantrekkelijk. Bovendien zijn banken weer strenger geworden. Daardoor neemt de vraag naar leningen af. En dat is precies wat de Europese Centrale Bank (ECB) wil bereiken met haar pogingen om de inflatie te beteugelen.
( 5
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ProRail wil ondanks strenge bouwregels kunnen blijven werken aan het spoor. Het spoorbedrijf wil een uitzonderingspositie voor allerlei overheidsregels die onderhoud en verbouwingen aan het spoor bemoeilijken.
( 3
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De politie heeft tien Nederlanders aangehouden die betrokken waren bij de handel in drugs op het darkweb. Dat is een afgeschermd deel van het internet. De aanhoudingen hoorden bij een internationale operatie, waarbij autoriteiten een illegale marktplaats op het darkweb oprolden.
( 3
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Steeds meer starters grijpen een kans op de woningmarkt. In april werd meer dan de helft (55 procent) van alle hypotheekaanvragen gedaan door starters.
( 3
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De prijzen in de eurolanden zijn in april iets harder gestegen dan in maart. De inflatie kwam er afgelopen maand uit op 7 procent. Een maand eerder was het leven in de eurolanden 6,9 procent duurder dan een jaar eerder.
( 3
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De Verenigde Staten moeten het schuldenplafond binnenkort verhogen. De Amerikaanse minister van Financiën Janet Yellen is bang dat het land mogelijk op 1 juni al niet meer aan alle financiële verplichtingen kan voldoen. Wat is er aan de hand? En merken wij daar ook wat van?
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Albert Heijn wil het personeel in de distributiecentra later deze maand 10 procent meer loon geven. Dat heeft de supermarktketen aan de vakbonden laten weten, maar die willen volgens AH niet terug aan de onderhandelingstafel komen.
( 3
min )
De lonen in nieuwe cao's zijn in april gemiddeld met 7,7 procent gestegen en dat is opnieuw een historisch hoogtepunt. De loonstijging ligt daarmee boven de inflatie, die in april uitkwam op 5,2 procent. Daardoor waren bijvoorbeeld boodschappen en energie 5,2 procent duurder dan een jaar eerder.
( 5
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Het leven in Nederland is in april gemiddeld 5,2 procent duurder geworden dan een jaar eerder. Dat kwam vooral doordat de energieprijzen vorige maand minder sterk daalden dan in maart. De prijzen van boodschappen gingen ook opnieuw omhoog, maar wel wat minder sterk dan in maart.
( 4
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Steeds meer starters grijpen een kans op de woningmarkt. In april werd meer dan de helft (55 procent) van alle hypotheekaanvragen gedaan door starters.
( 3
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Het leven in Nederland is in april gemiddeld 5,2 procent duurder geworden dan een jaar eerder. Dat kwam vooral doordat de energieprijzen vorige maand minder sterk daalden dan in maart. De prijzen van boodschappen gingen ook opnieuw omhoog, maar wel wat minder sterk dan in maart.
( 3
min )
De lonen in nieuwe cao's zijn in april gemiddeld met 7,7 procent gestegen en dat is opnieuw een historisch hoogtepunt. De loonstijging ligt daarmee boven de inflatie die in maart uitkwam op 4,4 procent. Dat betekent dat zaken als boodschappen en energie die maand 4,4 procent duurder waren dan een jaar eerder.
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Flooding the market with cheap products can mean job losses and even market collapse—but dumping isn't as threatening as it seems.
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min )
Reinsurance is insurance for insurance companies. It results from one or more insurers assuming another insurance company's risk portfolio to try to balance the insurance market.
( 20
min )
Electric truck maker Lordstown Motors (RIDE) said that it may need to cease operations if its funding deal with Foxconn fails to materialize.
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U.S. equities began May slightly lower after regulators seized First Republic Bank and JPMorgan Chase bought most of the assets.
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In the future, businesses would be able to bank with little to no fear of losing all their money if their bank fails, if reforms suggested by the Federal Deposit Insurance Corporation become reality.
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The back office is the administration and support personnel who are not client-facing. Back-office personnel provide essential functions to the business.
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Financial advisors can help small businesses during the start-up, growth, and winddown stages of the company.
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Amid concerns over high mortgage rates, supply costs and uncertainty about inflation, new single-family construction remained slumped in March.
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The 28/36 rule calculates debt limits that an individual or household should meet to be well-positioned for credit applications. It measures income against debt.
( 20
min )
Not everyone who leaves a job can collect unemployment insurance. Here's what you need to know about who qualifies and how to go about it now.
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Use these tips to free yourself from some of the extra weight if car insurance costs are dragging you down. Consider coverage options and "bundling" policies.
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min )
Green energy, supply chain, AI, and tech will help drive job growth, while education, agriculture, and digital commerce will add the most jobs, one report shows.
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min )
Mortgage rates dropped back a bit, erasing some of their big gain of the previous day and ending the week roughly on par with the previous Friday.
( 20
min )
TD Ameritrade is best for investors and traders alike, due to its educational programs and thinkorswim platform. Fidelity is a better value but has fewer features.
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A capitalized cost is an expense that is added to the cost basis of a fixed asset on a company's balance sheet.
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The Federal Reserve faces a key decision this week that could determine if the economy goes into a recession—whether this week’s widely-expected rate hike will be its last.
( 17
min )
Mrs. Dow Jones rejoins The Express in front of a live audience to dispel the biggest money myths about making money, and shares hacks to help us earn more, keep more, and make our money last longer. Plus, investors are bracing for the Fed's next move, which could very well be its last for a little while. Why haven't all stocks woken up to the party?
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A survey of chief factors that reduce cash flow from operating activities.
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min )
JPMorgan Chase & Co. may be getting a quite a bit more than its money's worth as the deal to buy First Republic comes with assets and big guarantees from FDIC.
( 17
min )
First Republic, Silicon Valley and Signature banks are some of the largest U.S. bank failures ever. Their combined assets are more than all the banks that failed in 2008.
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min )
This week’s cryptocurrencies to keep an eye on are Render Token (RNDR), Casper (CSPR), Injective (INJ), Internet Computer (ICP), and MultiversX (EGLD).
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min )
Getting out of an upside down car loan is not impossible, but it's important to understand what you might need to do to walk away from the debt.
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You can use a home equity loan to buy a car, but in most cases it doesn't make sense. In this article, we'll explain why.
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min )
A mid-cap fund is a type of investment fund that focuses its investments on companies with a capitalization in the middle range of listed stocks in the market.
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min )
Adding a co-signer to an auto loan could make it easier to get approved, but it can complicate things if you're unable to keep up with the payments.
( 21
min )
Qualcomm's Q2 FY 2023 net income likely plunged by more than 40% and revenue likely fell by 19% industry-wide depressed demand hurt both top- and bottom-line performance.
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min )
Treasury Investment Growth Receipts (TIGRs), issued from 1982 until 1986, were zero-coupon bonds based on U.S. Treasury bonds held by Merrill Lynch.
( 19
min )
Find out who Charles Schwab's main competitors are and how they stack up. Use this information to make informed investing decisions.
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min )
Failing to comply with the rules for required minimum distributions (RMDs) may incur a penalty.
( 23
min )
Finance makes for great cinema. Here are 10 of the best offerings by Hollywood on the subject.
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min )
Ford's global unit sales rebounding globally, led by 15% growth in North America
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min )
The government’s response to the Silicon Valley Bank failure has inspired renewed calls by some for the Federal Reserve to offer banking services to individual members of the public.
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JPMorgan Chase acquires First Republic Bank after an FDIC takeover. Here’s what investors need to know today.
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min )
Review your equity, credit score, breakeven point, and other key data points before you begin the mortgage refinance process. Learn what you need to know.
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min )
The nation's most venerable mutual fund boasts an average annual return above 8% since its inception in 1929 on the eve of the Great Depression.
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min )
For day traders seeking an edge in trading the market from both the long and short sides, 5-, 8-, and 13-period simple moving averages (SMA) offer perfect inputs.
( 20
min )
(Bloomberg) -- One after another, Japanese executives from some of the country’s most elite firms filed into Warren Buffett’s suite at the luxury Four Seasons Hotel in central Tokyo. Most Read from BloombergJPMorgan Ends First Republic’s Turmoil After FDIC SeizureFirst Republic’s Jumbo Mortgages Brought On Bank’s FailureBuffett Will Beat the Market as Recession Looms, Investors SayRivian’s Troubles Don’t End at a 93% WipeoutPeak Oil Spells Trouble for ConsumersThe legendary investor was on a tri
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Norwegian Cruise Line's strong onboard passenger spending in the first quarter demonstrates that the pent-up energy to cruise that people had during the pandemic hasn't dissipated at all.
( 39
min )
The education tech firm is seeing a spike in ChatGPT interest. "We now believe it’s having an impact on our new customer growth rate," Chegg said.
( 22
min )
Markets are overly optimistic that the Fed will quickly lower rates, a panel of investing pros found.
( 23
min )
A defamation case brought against Tesla chief executive Elon Musk by critic Randeep Hothi is apparently coming to a close, reportedly costing the billionaire ten big ones. Lawyers representing Hothi, a vocal member of the TSLAQ short-seller community on Twitter, said in a statement that Musk asked to settle the nearly three-year-old case back in March. Hothi tweeted on Monday that he accepted the alleged offer, "for a modest $10k."
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Investors are often intrigued by ETFs that feature sky-high dividend yields, such as the Amplify High Income ETF (NYSEARCA:YYY), which currently yields 12.3%. While the thought of receiving passive income with this type of yield is indeed enticing, and YYY has some good things going for it, investors also need to look under the hood before committing to these types of ETFs. Here’s more on YYY and why most investors should likely proceed with caution. What is YYY ETF? Operated by Amplify ETFs, YY
( 41
min )
Solar panel sales are being pressured by higher interest rates plus California's decision to reduce the financial benefits for installing roof panels.
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(Bloomberg) -- As Wall Street economists and central bankers debate if and when the US economy will slip into a recession, big money managers aren’t waiting to find out. Most Read from BloombergJPMorgan Ends First Republic’s Turmoil After FDIC SeizureBuffett Will Beat the Market as Recession Looms, Investors SayPeak Oil Spells Trouble for ConsumersRivian’s Troubles Don’t End at a 93% WipeoutJerome Powell Could Face More Opposition as Fed Choices Get TougherIncreasingly, professional stock picker
( 40
min )
What to expect from the pharma giant's Q1 earnings report.
( 23
min )
Berkshire Hathaway’s Charlie Munger said on Monday that a storm is brewing in commercial property market, as property prices fall and banks deal with bad loans.
( 39
min )
Hint: They’re mostly soft skills.
( 39
min )
(Bloomberg) -- TCW Group President and Chief Executive Officer Katie Koch said cracks are starting to show in the private credit market and that investors should prepare for “major accidents” in the red-hot sector over the next 12 to 18 months. Most Read from BloombergJPMorgan Ends First Republic’s Turmoil After FDIC SeizureBuffett Will Beat the Market as Recession Looms, Investors SayPeak Oil Spells Trouble for ConsumersRivian’s Troubles Don’t End at a 93% WipeoutJerome Powell Could Face More O
( 39
min )
Bud Light's sales declines accelerated in the week ended April 22, according to Beer Business Daily
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Investors looking for an edge with stocks that have upcoming earnings reports may want to consider those companies that have recently increased their quarterly dividend payout. A May 2020 study done by Ham, Kaplan and Leary in the Journal of Financial Economics reviewed several previous studies to determine whether companies that raise their quarterly dividends are signaling improved earnings reports in the future. “We show evidence that dividend changes do in fact convey information about futur
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min )
Apple is preparing for its next big product release, while Nvidia is carrying all the hopes and hype of A.I. on its back.
( 39
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(Bloomberg) -- The Ron DeSantis-appointed board of the municipal authority overseeing Walt Disney Co.’s parks voted Monday to sue the company, following a complaint Disney filed last week against the Florida governor.Most Read from BloombergJPMorgan Ends First Republic’s Turmoil After FDIC SeizureBuffett Will Beat the Market as Recession Looms, Investors SayPeak Oil Spells Trouble for ConsumersRivian’s Troubles Don’t End at a 93% WipeoutJerome Powell Could Face More Opposition as Fed Choices Get
( 39
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The 99-year-old Berkshire Hathaway vice chairman told the Financial Times Sunday there’s now a “glut of investment managers that’s bad for the country.”
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JPMorgan Chase & Co. may be getting a quite a bit more than its money's worth as the deal to buy First Republic comes with assets and big guarantees from FDIC.
( 17
min )
UBS analyst David Vogt and BofA Global Research's Wamsi Mohan say consensus estimates for Apple iPhone sales are too high, considering recent weakness.
( 22
min )
(Bloomberg) -- The International Monetary Fund’s chief said China is shifting its thinking about participating in debt restructuring after being confronted by countries unable to pay what they owe, signaling hope the world’s second-largest economy will help provide relief for distressed nations.Most Read from BloombergJPMorgan Ends First Republic’s Turmoil After FDIC SeizureFirst Republic’s Jumbo Mortgages Brought On Bank’s FailureRivian’s Troubles Don’t End at a 93% WipeoutBuffett Will Beat the
( 39
min )
SoFi Technologies says personal loan originations climbed 46% to $2.95 billion during its first quarter.
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(Bloomberg) -- Marc Rowan, the co-founder of Apollo Global Management Inc., says that the next wave of turmoil across the financial sector will likely come from the commercial real estate market.Most Read from BloombergJPMorgan Ends First Republic’s Turmoil After FDIC SeizureBuffett Will Beat the Market as Recession Looms, Investors SayPeak Oil Spells Trouble for ConsumersJerome Powell Could Face More Opposition as Fed Choices Get TougherFirst Republic Talks Extend Into Night After Banks Place B
( 39
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(Bloomberg) -- The seeds of First Republic Bank’s downfall were sown in the jumbo mortgages of Silicon Valley, where a unique strategy to loan wealthy individuals extraordinary sums of money blew up in spectacular fashion.Most Read from BloombergJPMorgan Ends First Republic’s Turmoil After FDIC SeizureBuffett Will Beat the Market as Recession Looms, Investors SayPeak Oil Spells Trouble for ConsumersJerome Powell Could Face More Opposition as Fed Choices Get TougherFirst Republic Talks Extend Int
( 43
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(Bloomberg) -- Lordstown Motors Corp. may be forced to cease operations and file for bankruptcy after manufacturing giant Foxconn told the electric-vehicle company that it’s prepared to pull out of a production partnership.Most Read from BloombergJPMorgan Ends First Republic’s Turmoil After FDIC SeizureBuffett Will Beat the Market as Recession Looms, Investors SayPeak Oil Spells Trouble for ConsumersJerome Powell Could Face More Opposition as Fed Choices Get TougherFirst Republic Talks Extend In
( 39
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Blackstone is the largest company by market value not in the S&P 500
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Qualcomm's Q2 FY 2023 net income likely plunged by more than 40% and revenue likely fell by 19% industry-wide depressed demand hurt both top- and bottom-line performance.
( 19
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The Federal Reserve is on track to raise its benchmark interest rate for the 10th time on Wednesday, the latest step in its yearlong effort to curb inflation with the fastest pace of hikes in four decades. Economists say Powell will likely hint that the Fed is edging closer to a long-awaited pause in its rate increases. Instead, he will probably stress that further rate hikes could happen if inflation were to stay persistently high, well above the Fed's 2% target rate.
( 41
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The Supreme Court said Monday it will decide whether to jettison a decades-old decision that has been a frequent target of conservatives and, if overruled, could make it harder to sustain governmental regulations. The justices agreed to hear an appeal that takes aim at a 1984 case known as Chevron. It involves the Chevron oil company and says that when laws aren’t crystal clear, federal agencies should be allowed to fill in the details.
( 39
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(Bloomberg) -- Blackstone Inc.’s $70 billion real estate trust for wealthy individuals limited redemptions for a sixth straight month.Most Read from BloombergJPMorgan Ends First Republic’s Turmoil After FDIC SeizureBuffett Will Beat the Market as Recession Looms, Investors SayPeak Oil Spells Trouble for ConsumersJerome Powell Could Face More Opposition as Fed Choices Get TougherFirst Republic Talks Extend Into Night After Banks Place BidsInvestors asked to redeem $4.5 billion in April from Black
( 39
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Foxconn had agreed to invest $170 million in the EV truck startup in November.
( 26
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Auto maker says the cuts were to contract workers in the group where the company works on future car models.
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Find out who Charles Schwab's main competitors are and how they stack up. Use this information to make informed investing decisions.
( 21
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The MOEX Index slumped 42% in 2022 amid sweeping sanctions over Russia's invasion of Ukraine.
( 39
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Li Auto's deliveries in April beat expectations, while XPeng's deliveries come in about as expected. NIO deliveries, however, are lower than Wall Street anticipated.
( 23
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You can ask why JPMorgan Chase agreed to buy the failed First Republic Bank out of regulatory receivership. But a better question might be, why not? As JPMorgan chairman and CEO Jamie Dimon explained in a company press release: “This acquisition modestly benefits our company overall, it is accretive to shareholders, it helps further advance our wealth strategy, and it is complementary to our existing franchise.”
( 40
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Advances in technology often come loaded with financial opportunities and scanning the one presented by the nascent autonomous driving sector, Cathie Wood thinks there is a huge one at play. The Ark Invest CEO has not been shy about making some bold predictions in the past and thinks investors should not underestimate what’s in store for this up-and-coming industry. “We think that the robotaxi opportunity globally will deliver $8 to $10 trillion in revenue by 2030 and is one of the most importan
( 43
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Shareholders should ask about succession, a possible dividend, a potential Occidental acquisition, slowing buybacks, and whether the stock can beat the S&P 500.
( 23
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Contributing after-tax dollars to a 401(k) might appeal to you if you'd like to be able to withdraw funds tax-free in retirement. Should you decide to leave your job you might be wondering if it's possible to roll over an … Continue reading → The post How to Convert After-Tax Dollars From 401(k) to IRA appeared first on SmartAsset Blog.
( 41
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The cruise operator posts total revenue of $1.8 billion for its first quarter, soaring past the $522 million recorded in the year-ago period.
( 22
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Jamie Dimon has often expressed regret at his bank’s past role as savior, but there is opportunity in its latest rescue.
( 28
min )
Apple's iPhone revenue should hold up on Chinese demand and higher selling prices, according to Wedbush's Daniel Ives.
( 22
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A division of US gaming giant Activision Blizzard, which last week accused Britain of being “closed for business”, is facing an investigation by the taxman that has already forced it to cough up tens of millions of pounds.
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Ford's global unit sales rebounding globally, led by 15% growth in North America
( 18
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Officials announced Monday that they closed San Francisco-based First Republic Bank, making it the third U.S. bank to collapse in the past two months. Most of First Republic’s assets are being acquired by JPMorgan. First Republic had wealthy clients who rarely defaulted on their loans.
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JPMorgan Chase acquires First Republic Bank after an FDIC takeover. Here’s what investors need to know today.
( 17
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(Bloomberg) -- SoFi Technologies Inc., the online lender suing the Biden administration for its student-loan repayment pause, reported a smaller loss than analysts expected and said it still expects to be profitable this year. Most Read from BloombergJPMorgan to Acquire Failed Regional Bank First RepublicPeak Oil Spells Trouble for ConsumersWarren Buffett Will Beat the Market in Recession Times, Investors SayFirst Republic Talks Extend Into Night After Banks Place BidsJerome Powell Could Face Mo
( 38
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(Bloomberg) -- Financial markets are caught up in a tug of war between lingering inflation and concern about a recession as they try to guess the next move by the Federal Reserve. That means investors are potentially ignoring a far more dangerous outcome: stagflation.Most Read from BloombergJPMorgan to Acquire Failed Regional Bank First RepublicPeak Oil Spells Trouble for ConsumersFirst Republic Talks Extend Into Night After Banks Place BidsWarren Buffett Will Beat the Market in Recession Times,
( 41
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When a Chinese woman flaunted her banker husband's 80,000 yuan (US$11,562) a month salary on social media last year, she quickly drew the ire of common folk and the attention of regulators towards financial elites like her spouse. The young CICC banker and his colleagues soon paid a heavy price for the folly, taking a pay cut of almost 50 per cent. This quickly spread across the sector, with employees taking pay cuts of some 20 per cent to 30 per cent last year, according to data compiled by the
( 40
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Crypto traders are looking for a confirmation of a peak in the Fed's rate-hiking cycle to help break Bitcoin's resistance at $30,000.
( 22
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(Bloomberg) -- After more than 30 years growing crops on the plains of northern China, a farmer who asked to be identified as Zhang is struggling over what to plant in the coming months. Most Read from BloombergJPMorgan to Acquire Failed Regional Bank First RepublicPeak Oil Spells Trouble for ConsumersFirst Republic Talks Extend Into Night After Banks Place BidsJerome Powell Could Face More Opposition as Fed Choices Get TougherWarren Buffett Will Beat the Market in Recession Times, Investors Say
( 40
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Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.
( 19
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U.S. stocks were set for a modestly higher open Monday, following the announcement that JPMorgan Chase will be assuming all deposits of First Republic Bank.
Dow Jones Industrial Average futures were up 20 points, or 0.1%. S&P 500 futures and Nasdaq 100 futures were flat.
Attention on Monday will b
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First Republic Bank (FRB), on the brink of collapse in the weeks after the Silicon Valley Bank crisis, has finally fallen over, but with a relatively quick resolution into its next chapter: today the Federal Deposit Insurance Corporation (FDIC) announced that it was being closed by the the California Department of Financial Protection and Innovation, that the FDIC was appointed as receiver, and that the FDIC would be selling the assets to JPMorgan. Its assets and deposits total just over $330 billion combined. Specifically, “to protect depositors, the FDIC is entering into a purchase and assumption agreement with JPMorgan Chase Bank, National Association, Columbus, Ohio, to assume all of the deposits and substantially all of the assets of First Republic Bank,” it said.
( 39
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First Republic's 84 offices will be taken over by JPMorgan, the FDIC says in a statement.
( 22
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Regulators seized First Republic Bank and struck a deal to sell the bulk of its operations to JPMorgan.
( 27
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(Bloomberg) -- Stock market investors holding on to hopes that the Federal Reserve will cut rates in the second half could be disappointed later this week, according to Morgan Stanley’s Michael Wilson — a staunch Wall Street bear.Most Read from BloombergFirst Republic Talks Extend Into Night After Banks Place BidsPeak Oil Spells Trouble for ConsumersJerome Powell Could Face More Opposition as Fed Choices Get TougherWarren Buffett Will Beat the Market in Recession Times, Investors SayBitcoin on C
( 39
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(Bloomberg) -- Bitcoin slipped back Monday after climbing for four consecutive months through April in the longest such winning run since 2021.Most Read from BloombergFirst Republic Talks Extend Into Night After Banks Place BidsPeak Oil Spells Trouble for ConsumersJerome Powell Could Face More Opposition as Fed Choices Get TougherBitcoin on Course for Longest Streak of Monthly Gains Since 2021Munger Warns Banks Stuck with Commercial Property Debt, FT SaysThe token slid as much as 3.2% and was tr
( 38
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Shareholders should ask about succession, a possible dividend, a potential Occidental acquisition, slowing buybacks, and whether the stock can beat the S&P 500.
( 23
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Regulators searched for a solution to First Republic Bank’s woes over the weekend, hoping to find a way forward before U.S. stock markets opened Monday. San Francisco-based First Republic has struggled since the collapse of Silicon Valley Bank and Signature Bank in early March, as investors and depositors grew increasingly worried the bank may not survive as an independent entity. World markets have periodically been shaken by worries over turmoil in the banking industry since Silicon Valley Bank's collapse.
( 40
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Bitcoin edged up on Monday morning in Asia to hold above US$29,000. Ether fell below US$1,900. Most other top 10 non-stablecoin tokens traded lower except BNB.
( 40
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Wall Street expect the trio to report about 43,000 units delivered in April, up from 38,000 units delivered in March.
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The nation's most venerable mutual fund boasts an average annual return above 8% since its inception in 1929 on the eve of the Great Depression.
( 20
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(Bloomberg) -- Equities in Asia were primed to advance on Monday after robust corporate earnings boosted Wall Street at the end of last week as investors awaited news of a bid for First Republic Bank.Most Read from BloombergJerome Powell Could Face More Opposition as Fed Choices Get TougherFirst Republic Regulators Rush to Fix Crisis as Banks Make BidsYour Sunday US Briefing: Pressure Mounts on First RepublicBitcoin on Course for Longest Streak of Monthly Gains Since 2021Signs Are Mounting That
( 40
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(Bloomberg) -- Investors are piling into bets against the US dollar as this week’s expected Federal Reserve interest-rate hike is likely to bring the steepest tightening cycle in a generation to a halt. Most Read from BloombergJerome Powell Could Face More Opposition as Fed Choices Get TougherFirst Republic Regulators Rush to Fix Crisis as Banks Make BidsPeak Oil Spells Trouble for ConsumersBitcoin on Course for Longest Streak of Monthly Gains Since 2021Your Sunday US Briefing: Pressure Mounts o
( 38
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(Bloomberg) -- Oil extended two weeks of losses after data from China reignited concerns about a patchy recovery in the world’s biggest crude importer. Most Read from BloombergFirst Republic Regulators Rush to Fix Crisis as Banks Make BidsJerome Powell Could Face More Opposition as Fed Choices Get TougherPeak Oil Spells Trouble for ConsumersBitcoin on Course for Longest Streak of Monthly Gains Since 2021Your Sunday US Briefing: Pressure Mounts on First RepublicWest Texas Intermediate futures sli
( 38
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Duitsland heeft vanaf maandag een ticket van 49 euro per maand waarmee reizigers onbeperkt met het regionale openbaar vervoer kunnen reizen. Daarmee krijgt het extreem goedkope 9 eurokaartje van afgelopen zomer een vervolg. Duitsland wil met het zogeheten Deutschlandticket de hoge brandstofprijzen compenseren.
( 3
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De Belastingdienst telde maandag bijna tien miljoen belastingaangiftes en verwacht er nog meer. Daarmee zijn er meer Nederlanders dan vorig jaar die de deadline van de Belastingdienst hebben gehaald.
( 4
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De Belastingdienst telde maandag bijna tien miljoen belastingaangiftes en verwacht er nog meer. Daarmee zijn er meer Nederlanders dan vorig jaar die de deadline van de Belastingdienst hebben gehaald.
( 4
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Niet in alle woningen moeten straks gasgestookte cv-ketels vervangen worden door hybride warmtepompen. Appartementen en monumenten worden uitgezonderd van verplichte verduurzaming, schrijft minister Hugo de Jonge (Volkshuisvesting) maandag aan de Tweede Kamer.
( 5
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Een liter diesel is nu goedkoper dan die in anderhalf jaar is geweest. De gemiddelde adviesprijs is maandag 1,667 euro per liter. Op 2 oktober 2021 was de brandstof voor het laatst zo gunstig geprijsd, blijkt uit cijfers van consumentencollectief UnitedConsumers. Bij benzine is de daling een stuk minder sterk.
( 4
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De etalages van Britse winkels liggen al vol met standaard prullaria, zoals mokken, theedoeken, kussens en teddyberen, voor de kroning van Charles. Ook zijn er bedrijven die origineler uit de hoek proberen te komen om de consument te verleiden iets voor de speciale gelegenheid te kopen.
( 3
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Het potje voor de tweede ronde van het STAP-budget dit jaar is maandag binnen drie uur leeg geraakt. Vanaf 10.00 uur kon iedereen die dat wilde een aanvraag doen voor een tegemoetkoming van maximaal 1.000 euro in studiekosten. Het studiebudget was al geliefd en nu bekend werd dat het volgend jaar alweer afgeschaft wordt, is dat niet anders.
( 4
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Ondanks de krapte op de arbeidsmarkt neemt de automatisering bij grote bedrijven nauwelijks toe, blijkt uit een rapport van het World Economic Forum (WEF).
( 3
min )
De dertig vakantieparken van Roompot en Landal die verkocht zijn zodat de twee vakantieparkketens samen verder kunnen gaan, gaan voor het grootste deel verder onder de vlag van Summio Parcs. Dat is een nieuwe merknaam van Dormio Groep, een Nederlandse exploitant van vakantieparken.
( 3
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Topbestuurders hebben vorig jaar weinig last gehad van de inflatie. Volgens een onderzoek van Oxfam kregen mensen met een topfunctie in 2022 juist een loonsverhoging.
( 3
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Medewerkers van vakbond FNV leggen dinsdag zelf het werk neer. Ze zijn niet tevreden over het loon dat de bond zijn eigen werknemers biedt.
( 4
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Het Tijdelijk Noodfonds Energie blijft langer beschikbaar. Omdat in de afgelopen week een recordaantal aanvragen is binnengekomen, is de deadline verplaatst naar vrijdag 12.00 uur.
( 3
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In de Verenigde Staten is voor de derde keer in tweede maanden tijd een bank omgevallen vanwege financiële problemen. Het gaat om de First Republic Bank.
( 2
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De Dag van de Arbeid is in Nederland, in tegenstelling tot in andere Europese landen, geen nationale feestdag. Alleen de Amsterdamse effectenbeurs is op 1 mei dicht. Daardoor zijn handelaren en beleggers vandaag in ieder geval een deel van de dag vrij.
( 3
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Na een week van stakingen in de distributiecentra van Albert Heijn zijn veel schappen in een aantal winkels schrikbarend leeg. Alle energie is nu gericht op het hervatten van de gesprekken met de vakbonden, zegt een woordvoerder van de supermarktketen.
( 3
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Ieder jaar op kosten van de baas op 5 mei vrij is dit jaar tot dusver in vier cao's opgenomen als arbeidsvoorwaarde. Dat is nog geen 3 procent van de in totaal 143 afgesloten arbeidsovereenkomsten. Dat blijkt uit cijfers die NU.nl opvroeg bij werkgeversvereniging AWVN.
( 4
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Aandeelhouders van adidas hebben het sportmerk aangeklaagd vanwege de stukgelopen samenwerking met rapper Ye. Volgens de beleggers wist adidas al jaren dat de artiest er omstreden ideeën op nahield.
( 2
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Ieder jaar op 5 mei vrij op kosten van de baas, is dit jaar tot dusver in vier cao's opgenomen als arbeidsvoorwaarde. Dat is nog geen 3 procent van het totaal van de in totaal 143 afgesloten arbeidsovereenkomsten. Zo blijkt uit cijfers die NU.nl opvroeg bij AWVN.
( 4
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De landen om ons heen staan vandaag stil bij de Dag van de Arbeid, die vrijwel overal in Europa en de rest van de wereld een officiële feestdag is. Wat is 1 mei? En waarom gaat deze dag zo stilletjes aan ons voorbij?
( 4
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Vanaf maandag 10.00 uur kan iedereen die dat wil een aanvraag doen voor een tegemoetkoming van maximaal 1.000 euro in studiekosten. Je moet dan wel door de digitale wachtrij zien te komen, want de belangstelling voor het zogenoemde STAP-budget wordt mogelijk nog groter dan normaal nu bekend is gemaakt dat het volgend jaar wordt geschrapt.
( 3
min )
Whether you’re a seasoned trader or a novice, the oldest piece of advice in economics still holds true: buy low and sell high. The challenge lies in determining the right time to purchase stocks that are undervalued or to sell those that are overpriced. There are plenty of signs to crack that code, but one of the clearest is the insiders’ trading patterns. The insiders are corporate officers, companies’ higher-ups, whose positions put them ‘in the know.’ Therefore, monitoring their trades, espec
( 42
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The Fed may signal a pause but it could take a "black swan event" to drive the US central bank to start cutting rates in 2023.
( 40
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Rental property ownership has its benefits, but selling can create a big tax hit. Thankfully, there are ways to reduce capital gains exposure.
( 23
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Portfolio managers at this week’s Morningstar Investment Conference named stocks within aerospace like Boeing, General Electric as well as luxury goods maker like LVMH.
( 22
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First Republic's share price closed Friday at $3.51, down 97% from the start of the year, and they continued to fall in after-hours trading
( 22
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A pair of homebuilders on the Fortune 500 list, No. 124 D.R. Horton and No. 267 PulteGroup, just reported a big drop in cancellation rates.
( 40
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JPMorgan and PNC Financial Services are among the banks bidding on assets of First Republic Bank. The FDIC could announce the results Sunday evening.
( 23
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(Bloomberg) -- For all the angst over US banking stress and a profit recession, none made it to the surface of the stock market in April. Most Read from BloombergFirst Republic Regulators Rush to Fix Crisis as Banks Make BidsJerome Powell Could Face More Opposition as Fed Choices Get TougherPeak Oil Spells Trouble for ConsumersBitcoin on Course for Longest Streak of Monthly Gains Since 2021Your Sunday US Briefing: Pressure Mounts on First RepublicCalm prevailed, with the Cboe Volatility Index en
( 41
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(Bloomberg) -- At first blush, stock bulls on Wall Street have history on their side if the Federal Reserve’s aggressive policy-tightening campaign really is drawing to a close.Most Read from BloombergFDIC Asks Banks for Final First Republic Bids Due SundayJerome Powell Could Face More Opposition as Fed Choices Get TougherSigns Are Mounting That a Debt Crunch is LoomingTwitter Co-Founder Dorsey Rues Musk Deal: ‘It All Went South’A Century-Old Dynasty Overhauls Its Billions in Rare M&A BetOver ei
( 40
min )
Large U.S. technology companies are powering the broader stock market higher and vindicating many growth-stock investors who got burned in tech shares’ tumble last year.
( 26
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(Bloomberg) -- Bitcoin’s bounce has paved the way for the type of six-figure price projections that peppered the pandemic-era crypto boom. The token’s ripening monthly streak puts history on the side of such bold optimists.Most Read from BloombergFDIC Asks Banks for Final First Republic Bids Due SundayTwitter Co-Founder Dorsey Rues Musk Deal: ‘It All Went South’Signs Are Mounting That a Debt Crunch is LoomingA Century-Old Dynasty Overhauls Its Billions in Rare M&A BetHarley-Davidson Says Repo Sh
( 39
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My child is in a low-paying job that puts them into a 0% or maybe a 10% marginal tax bracket. Isn't this a great time for them to max out a $6,000 Roth IRA contribution? We are considering a gift … Continue reading → The post Ask an Advisor: My Child Works a Low-Paying Job. Is ‘This a Great Time' for Them to Max Out a Roth IRA? appeared first on SmartAsset Blog.
( 40
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I am a retired veteran with no retirement accounts and I want to start investing with $30,000. I'd like some investing advice, but I'm finding advisors have minimum investment requirements, and I'm hesitant to work with a robo-advisor. Can you … Continue reading → The post I Have $30,000 to Invest. Will a Financial Advisor Work With Me? appeared first on SmartAsset Blog.
( 40
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Which is the best way to handle an individual retirement account (IRA)? Let it sit and earn money, then pay taxes on the withdrawals in retirement? Or roll it over to a Roth IRA? Should I pay the taxes now … Continue reading → The post Ask an Advisor: Help Me Understand the ‘Best Way' to Manage an IRA. Is It Better to Pay Taxes Now or in Retirement? appeared first on SmartAsset Blog.
( 41
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Some banks are offering bonus cash to consumers who open new accounts. These promotions trail the high-profile failure of several banks in March and the Federal Reserve's recent rate increases. New banking promotions may provide valuable incentives to new depositors. … Continue reading → The post Some Banks Are Offering Sign-Up Bonuses to New Clients, But These Perks May Expire Soon appeared first on SmartAsset Blog.
( 39
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(Bloomberg) -- Banks are saddled with bad loans, signaling trouble ahead in the US commercial property market, Berkshire Hathaway Inc.’s Charlie Munger told the Financial Times in an interview.Most Read from BloombergFDIC Asks Banks for Final First Republic Bids Due SundayTwitter Co-Founder Dorsey Rues Musk Deal: ‘It All Went South’Signs Are Mounting That a Debt Crunch is LoomingA Century-Old Dynasty Overhauls Its Billions in Rare M&A BetHarley-Davidson Says Repo Shortage Is Fueling Credit Losse
( 38
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(Bloomberg) -- Emerging-market bulls betting that China’s reopening would drive a year of asset outperformances are seeing their dreams turn into dust.Most Read from BloombergFDIC Asks Banks for Final First Republic Bids Due SundayTwitter Co-Founder Dorsey Rues Musk Deal: ‘It All Went South’Signs Are Mounting That a Debt Crunch is LoomingA Century-Old Dynasty Overhauls Its Billions in Rare M&A BetHarley-Davidson Says Repo Shortage Is Fueling Credit LossesThe benchmark gauge for developing-nation
( 40
min )
(Bloomberg) -- As the world’s major central banks near the end of their steepest rate-tightening campaign in decades, the harsh lessons of past policy errors will weigh heavily on decisions as to when and where borrowing costs peak.Most Read from BloombergFDIC Asks Banks for Final First Republic Bids Due SundayTwitter Co-Founder Dorsey Rues Musk Deal: ‘It All Went South’Signs Are Mounting That a Debt Crunch is LoomingA Century-Old Dynasty Overhauls Its Billions in Rare M&A BetHarley-Davidson Say
( 41
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The workplace isn’t going back to the way it was before COVID-19, and neither will real estate values for office space, according to a new report by Oxford Economics
( 17
min )
Shareholder proposals asking U.S. banks to phase out financing of new fossil fuel projects garnered weak support from investors.
( 23
min )
Economic growth has slowed, but inflation remains persistent in key areas, raising concerns that the Fed’s balance-sheet size could force the Fed to take rates even higher.
( 26
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Construction employment is higher than ever despite rising interest rates—undermining bets the Fed will soon pivot.
( 27
min )
Most companies have surpassed Wall Street’s earnings expectations for the quarter.
( 25
min )
Biden administration officials won’t disclose contingency plans, but the historical record offers clues on preventing financial and economic chaos.
( 27
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(Bloomberg) -- Investors have had plenty to cheer this earnings season so far — resilient consumer spending, upbeat Big Tech results and confident economic outlooks from corporate executives. Yet, the stock market is not reflecting the optimism.Most Read from BloombergFDIC Asks Banks for Final First Republic Bids Due SundayTwitter Co-Founder Dorsey Rues Musk Deal: ‘It All Went South’Harley-Davidson Says Repo Shortage Is Fueling Credit LossesA Century-Old Dynasty Overhauls Its Billions in Rare M&
( 40
min )
Waves of money printing have turned banks into "drug addicts" reliant on cheap cash to stay afloat, one of the world's top central bankers has warned.
( 42
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Buying and selling foreign exchange (forex) is a fascinating topic. It includes knowing what to buy and sell and when to buy and sell it.
( 20
min )
The company has made only limited inroads in the Indian smartphone market, leaving plenty of room for gains.
( 22
min )
The financial weather looks unsettled, writes Jacques Cesar, but there's little reason to believe we're entering a secular bear market.
( 30
min )
Here is your Pro Recap of the biggest head-turning deal dispatches you may have missed this week: a shocking block for the Microsoft-Activision buyout in the U.K.; a scramble to save the failing First Republic Bank; a multibillion-dollar deal for Carrier Global; and ' response to an unsolicited bid from an activist investor. Shares of Activision Blizzard (NASDAQ:ATVI) plummeted more than 11% on Wednesday after the United Kingdom's Competition and Markets Authority (CMA) issued an order blocking Microsoft's (NASDAQ:MSFT) $68.7 billion pending acquisition of the company.
( 40
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Investing.com -- Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: Tesla’s lofty capex and labor law violations; the end of the Chevy Bolt at GM; a muddy lawsuit for Rivian; layoffs at Stellantis; and Mullen's probe into "improper trading" in its shares.
( 41
min )
At its peak in the early 2000s, the North Sea oil and gas industry, centred on Aberdeen, delivered over 2.7m barrels of oil daily – a heady 3.6pc of global production. North Sea gas fields provided the equivalent of another 1.8m barrels on top of that.
( 41
min )
Rental property ownership has its benefits, but selling can create a big tax hit. Thankfully, there are ways to reduce capital gains exposure.
( 23
min )
The monetary conditions index (MCI) offers a tool for economies to gauge the relative ease or tightness of monetary conditions over time.
( 19
min )
Here’s a list of the most popular listed companies that went private in recent decades.
( 28
min )
The workplace isn’t going back to the way it was before COVID-19, and neither will real estate values for office space, according to a new report by Oxford Economics
( 16
min )
Learn how to evaluate the legitimacy of target prices and why investors should trust them over ratings.
( 18
min )
Acceptance sampling is a statistical quality-control measure that lets a company determine the quality of a product lot by testing randomly selected samples.
( 21
min )
Buying and selling foreign exchange (forex) is a fascinating topic. It includes knowing what to buy and sell and when to buy and sell it.
( 20
min )
A mortgage broker is an intermediary who can help you choose the best direct lender for you and get your loan application through the process.
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Lenders will compete for your home equity loan business, but is there an advantage to borrowing from the one that already holds your primary mortgage?
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The Level I exam for the Chartered Financial Analyst (CFA) designation can be challenging. Here's what to expect.
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Regelmatig duikt NU.nl in een klimaatgerelateerde vraag. Deze keer gaan we dieper in op de term 'klimaatneutraal'. Bedrijven en overheden gebruiken het woord en we vinden het ook steeds vaker terug op labels van spullen en bij diensten. Maar wat houdt het precies in?
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Vandaag is de laatste dag om belastingaangifte te doen (tenzij je uitstel aanvraagt). Voor wie last minute aan de slag moet, hebben we vijf tips. Waar moet je dit jaar op letten bij de aangifte inkomstenbelasting en waarmee kun je makkelijk geld besparen?
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Slechts een kleine minderheid van de asielzoekers in Nederland komt aan een baan. Dat komt onder meer doordat ze maar 24 weken per jaar mogen werken, waardoor werkgevers afhaken. Maar er zijn nog meer obstakels waardoor tienduizenden asielzoekers niet werken.
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Standard Chartered's Geoff Kendrick is bullish on Bitcoin regardless, even as Warren Buffett calls it a "gambling token."
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A bidding process for the bank's assets could conclude as soon as Sunday. The FDIC would simultaneously place First Republic into receivership.
( 22
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Rev. Al Sharpton's National Action Network is demanding communication from the McDonald's Corporation regarding accusations of racial discrimination.
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"With capital controls, it would be difficult for the [yuan] to become a viable international currency," economist Stephen Jen told Insider.
( 39
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JPMorgan is leading the charge to buy First Republic as it prepares to enter receivership, per The Wall Street Journal, unlike its approach with SVB.
( 39
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(Bloomberg) -- Over the past century, the Viessmanns built one of the world’s biggest fortunes with a manufacturing empire spawned from a small workshop in the German state of Bavaria.Most Read from BloombergFDIC Asks Banks for Final First Republic Bids Due SundayTwitter Co-Founder Dorsey Rues Musk Deal: ‘It All Went South’Harley-Davidson Says Repo Shortage Is Fueling Credit LossesA Century-Old Dynasty Overhauls Its Billions in Rare M&A BetSigns Are Mounting That a Debt Crunch is LoomingThe bill
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If you save up $6 million by age 50, you'll position yourself for a long, comfortable retirement. However, you'll still need to navigate taxes, income calculations and economic forces, all of which can create financial pressure during your golden years. … Continue reading → The post Is $6 Million Enough to Retire at 50? appeared first on SmartAsset Blog.
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(Bloomberg) -- The biggest swings in bonds in more than a decade this year are a fresh challenge to the time-honored 60/40 investment strategy.Most Read from BloombergFDIC Asks Banks for Final First Republic Bids Due SundayHarley-Davidson Says Repo Shortage Is Fueling Credit LossesTwitter Co-Founder Dorsey Rues Musk Deal: ‘It All Went South’A Century-Old Dynasty Overhauls Its Billions in Rare M&A BetUkraine Latest: Medvedev Floats Ending Diplomatic Ties to PolandHolding 60% of portfolios in stoc
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When choosing where to set aside money for retirement, you need to weigh your options carefully. You're likely going from one main income source to multiple smaller income sources when you retire. You may also want buy some security for your … Continue reading → The post Life Insurance vs. Roth IRA: Retirement Guide appeared first on SmartAsset Blog.
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Finding an online brokerage firm to use for your personal investment can be intimidating. There are many options out there, and it isn't all about picking the option with the most bells and whistles - you have to choose the … Continue reading → The post Webull vs. Charles Schwab appeared first on SmartAsset Blog.
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While other investment and savings vehicles may get higher returns, few are as reliable as the certificate of deposit. CDs are traditionally safe, solid investments. Let's take a look at common ways to invest in them and add them to … Continue reading → The post How to Invest in CDs appeared first on SmartAsset Blog.
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Mobileye shares fell steeply this week after the autonomous vehicle chipmaker cut its full-year guidance, citing weakness in China’s electric vehicle (EV) market.
( 18
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New Jersey’s state pension sold all its First Republic stock in the first quarter, a period that saw shares crater, and ahead of the April drubbing.
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Here is the latest on Silicon Valley Bank’s collapse and the fallout that came next.
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Bankrate.com senior industry analyst Ted Rossman discusses the evolution of "buy now, pay later" and the risks posed to consumers.
( 39
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The EV tycoon is taking a path that has been fraught for other car companies; he maintains he can pull off a twist.
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With the S&P 500 in the longest bear market since 1973, individual investors are maneuvering differently from just months ago.
( 27
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On a balmy day in mid-April, thousands of people queued in line to enter the Hong Kong Convention Center where the city's inaugural web3 festival was underway. Most had flown in from mainland China, but many others had trekked from Singapore, Japan, Indonesia, Thailand and even the U.S. to see what the city had to offer to crypto ventures at a time regulation over digital assets is intensifying in the U.S. In February, Hong Kong proposed a set of welcoming rules to regulate crypto-related activities.
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International Business Machines stock is in the red so far this year, but the company just marked 28 straight years of dividend increases.
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(Bloomberg) -- The Federal Deposit Insurance Corp. has asked banks including JPMorgan Chase & Co. and PNC Financial Services Group Inc. to submit final bids for First Republic Bank by Sunday after gauging initial interest earlier in the week, according to people with knowledge of the matter.Most Read from BloombergHarley-Davidson Says Repo Shortage Is Fueling Credit LossesFirst Republic’s Fate Uncertain After Stock’s Harrowing DropFed Seeks Stronger Bank Rules While Detailing Oversight LapsesStr
( 40
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(Bloomberg) -- Twitter co-founder Jack Dorsey — once a supporter of Elon Musk’s $44 billion acquisition of the site — is now offering sharp criticism of the new owner and his handling of the deal.Most Read from BloombergFDIC Asks Banks for Final First Republic Bids Due SundayTwitter Co-Founder Dorsey Rues Musk Deal: ‘It All Went South’Harley-Davidson Says Repo Shortage Is Fueling Credit LossesA Century-Old Dynasty Overhauls Its Billions in Rare M&A BetSigns Are Mounting That a Debt Crunch is Loo
( 38
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Its shares have collapsed by more than 90pc over the last decade, it has been through a string of scandals, paying out billions in fines, and it chews up chief executives even faster than the UK gets through Prime Ministers.
( 41
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Consumption growth of 3.7% offset declines elsewhere, according to GDP report. Plus, investment newsletter commentary on CRE distress, gold’s bull run, and broker/dealer stocks.
( 22
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Markets have been on a rollercoaster ride and uncertainties around the global economy are mounting. Here's what El-Erian sees ahead.
( 38
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Big banks including JPMorgan Chase and PNC Financial Services Group are vying to buy First Republic Bank in a deal that would follow a government seizure of the troubled lender.
( 28
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(Bloomberg) -- First Republic Bank’s week of harrowing stock drops and urgent work toward a deal to shore up its balance sheet ended with the lender’s fate in limbo.Most Read from BloombergHarley-Davidson Says Repo Shortage Is Fueling Credit LossesFed’s Jerome Powell Tricked by Russian Pranksters Posing as ZelenskiyStrong Earnings Lift Stocks as Bank Concerns Loom: Markets WrapFed Seeks Stronger Bank Rules While Detailing Oversight LapsesFugitive CEO Ordered to Pay $3.4 Billion in Record Fraud C
( 40
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A Florida federal judge presiding over Disney's lawsuit against Gov. Ron DeSantis is recusing himself from the case due to a conflict of interest.
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The off-price retail giant is well positioned to pick up a portion of former Bed Bath customers, and may profit from buying deeply discounted merchandise in the event of a liquidation.
( 23
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The rapidly expanding digital advertising industry is leading a shift towards content and demanding forced innovation.
( 20
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Buying and maintaining an investment property has several advantages, but you should know what the challenges might be before you purchase a rental house with a pal.
( 22
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The Federal Deposit and Insurance Commission wants to receive all bids for First Republic by Sunday with JPMorgan and PNC said to be leading the chase.
( 18
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There's a lot to consider when contemplating paying cash for a home versus financing it with a mortgage. Here are some of the major differences.
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Mobileye shares fell steeply this week after the autonomous vehicle chipmaker cut its full-year guidance, citing weakness in China’s electric vehicle (EV) market.
( 16
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RyanAir annuleert komende zondag en maandag zes vluchten van en naar Eindhoven Airport. Transavia schrapte eerder zeker twintig vluchten in de meivakantie waardoor duizenden vakantiegangers werden gedupeerd.
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De Europese Commissie en een vijftal oostelijke lidstaten hebben een akkoord bereikt over de import van Oekraïens graan naar de Europese Unie. In Polen, Hongarije, Slowakije, Bulgarije en Roemenië leidde het Oekraïense graan tot gemor onder boeren.
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Brussel heeft nieuwe regels afgesproken voor de handel in digitale valuta. Zo moeten bedrijven duidelijker zijn over de risico's voor beleggers en moeten ze een vergunning aanvragen. Ook wordt handel met voorkennis verboden. Toch is er ook kritiek.
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Een recordaantal Nederlanders gaat dit jaar belastingaangifte doen. Dat moet in principe voor 1 mei. Wel kun je net als twee miljoen anderen uitstel aanvragen. Een hoge boete krijg je niet gauw als je te laat bent, maar mogelijk moet je wel rente betalen.
( 6
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Federal Reserve officials have indicated they expect interest rates to stay elevated through year end. That’s not what the stock market expects.
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A sideways market should favor individual issues, not index funds. Look for companies with expanding margins, competitive moats.
( 22
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OpenAI, the startup behind the widely used conversational AI model ChatGPT, has picked up new backers, TechCrunch has learned. VC firms including Tiger Global, Sequoia Capital, Andreessen Horowitz, Thrive and K2 Global picking up new shares, according to documents seen by TechCrunch. A source tells us Founders Fund is also investing.
( 40
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Artificial intelligence like Microsoft-powered ChatGPT is a primary reason stocks up this year. As a result, stock market is being powered by the narrowest stock leadership since the 1990s.
( 23
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The Federal Reserve's next meeting begins May 2 and its decision on rate hikes is due on May 3. Here are the other Fed Meetings in 2023
( 38
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The SEC had a very different take on the second biggest cryptocurrency back in 2018, according to Gary Gensler.
( 39
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Hefty debt and caring for loved ones are weighing on the nation's largest population group, according to a new poll.
( 37
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The consumer health company features a range of leading brands, a relatively cheap valuation, a solid balance sheet, consistent earnings, and a healthy dividend yield. It’s no tech unicorn, a good thing in 2023.
( 22
min )
Lyft proudly announced just a year ago that employees could “work from the office, at home, or any combination of the two.”
( 39
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The bank’s pro-office memo was instantly ripped apart by workers calling it “tone deaf” and “divisive.”
( 41
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Gone are the days of series I savings bonds paying almost 7% in interest. The U.S. Treasury announced Friday that the inflation-protected bonds would start paying investors 4.3% on May 1, down from the 6.89% that they've paid out over … Continue reading → The post Interest Rate for Series I Savings Bonds Falls to 4.3%: Here's What it Means appeared first on SmartAsset Blog.
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From artificial intelligence to extraterrestrial life, Tesla Inc. CEO Elon Musk discussed a wide range of topics during his Fox News interview with Tucker Carlson. He also touched on commercial real estate — and the message is pretty dire. “We really haven’t seen the commercial real estate shoe drop. That’s more like an anvil, not a shoe,” Musk said. “So the stuff we’ve seen thus far actually hasn’t even – it’s only slightly real estate portfolio degradation. But that will become a very serious
( 39
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The fixed-rate portion of the I bonds rises to 0.9%, up from 0.4%.
( 27
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Comcast says his stock options and grants were forfeited upon his termination.
( 26
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Eventually investors have to face reality: There are downsides to cutting costs and laying off staff.
( 23
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Nvidia (NASDA:NVDA) has been on a remarkable run this year, with its shares surging by an impressive 89% year-to-date. The chip giant’s success can largely be attributed to this year’s hottest trend: Generative AI. The company is widely recognized as a leader in the field and seen as one set to benefit from increased adoption of the tech. In fact, with a view to next month’s F1Q earnings (May 24), Morgan Stanley analyst Joseph Moore thinks all the hoopla around AI should result in a strong repor
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The Federal Reserve is poised to deliver what's expected to be another small rate increase Wednesday. Here's what that could mean for your savings and your debts.
( 20
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W.P. Carey Inc (NYSE: WPC) reported Q1 2023 revenue (including reimbursable costs) increase of 22.8% Y/Y to $427.8 million, beating the consensus of $406.24 million. Real Estate revenues (including reimbursable costs) rose 24.2% Y/Y to $427.4 million on higher lease and operating property revenues. Adjusted funds from operations (AFFO) declined 3.0% Y/Y to $1.31 per share due to lower Investment Management earnings. The company witnessed an investment volume of $177.8 million in Q1 and $565.7 mi
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U.S. Bancorp stock continues sliding, and Alan Colberg, the regional bank’s newest director, scooped up shares.
( 22
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Surprise visits, probes and detentions come just months after Beijing’s open-for-business message to global investors.
( 27
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A new Goldman Sachs report identifies 116 companies vulnerable to activist action, including Best Buy, Robinhood Markets, and 3M.
( 22
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Air-travel demand is back with a vengeance, but so are operators’ costs. And all that demand doesn’t mean as much if airlines don’t have the capacity to put butts in seats.
( 22
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First Republic Bank plunged to a record low as investors sorted through rescue scenarios, none of which is likely to be good for current shareholders.
( 39
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The internet infrastructure company has struggled lately, falling about 48% over the last 12 months.
( 22
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First Republic Bank (NYSE: FRC) is under the government's scanner for rescue as the private sector delays settlements. "U.S. officials are coordinating urgent talks to rescue FRC, as private-sector efforts led by the bank's advisers have yet to reach a deal," reported Reuters, citing sources familiar with the situation. Recently, FRC announced a decline in deposits and revenue for the first quarter and said it would reduce its workforce by 20-25%. Also Read: First Republic Bank Shares Sink Anoth
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The once high-flying bank has seen shareholders flee as concern mounts that the FDIC may have to step in.
( 43
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The downtrodden stock jumps on better-than-feared results, but lots of work lies ahead.
( 28
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The new rate, applying for the next six months, is 4.3%, down from 6.89%, due to lower inflation.
( 22
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(Bloomberg) -- First Republic Bank shares were halted repeatedly after dropping as much as 35% following a report from CNBC that the most likely outcome of rescue talks is for the Federal Deposit Insurance Corp. to take the lender into receivership.Most Read from BloombergHarley-Davidson Says Repo Shortage Is Fueling Credit LossesFed’s Jerome Powell Tricked by Russian Pranksters Posing as ZelenskiyFugitive CEO Ordered to Pay $3.4 Billion in Record Fraud Case Involving BitcoinTesla Drops Model Y
( 37
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(Bloomberg) -- Oil demand will continue to increase, helping send crude prices to $80 to $100 a barrel later this year, according to the incoming chief executive officer of Pioneer Natural Resources Co.Most Read from BloombergHarley-Davidson Says Repo Shortage Is Fueling Credit LossesFirst Republic’s Fate Uncertain After Stock’s Harrowing DropFDIC Asks JPMorgan, PNC for Final First Republic Bids Due SundayFed Seeks Stronger Bank Rules While Detailing Oversight LapsesEurope Is Waking Up to Threat
( 38
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From First Republic to Fallen Republic in a matter of weeks – no one said running a bank during a period of massive economic turmoil was easy.
( 40
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I'm afraid of the stock market. With my first investment, I lost 60% of my money. So I'm strictly into bonds. With interest rates low, what's your advice? Should I stay or try something else? -Jerold It's reasonable to be … Continue reading → The post Ask an Advisor: ‘I'm Strictly Into Bonds' and Afraid of the Stock Market. Is This a Strategy I Should Stick With? appeared first on SmartAsset Blog.
( 40
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(Bloomberg) -- Argentina is moving closer to a breaking point as the government’s desperate measures fail to halt a plunge in the peso, raising the risk of a currency devaluation that President Alberto Fernandez pledged would never happen.Most Read from BloombergFed’s Jerome Powell Tricked by Russian Pranksters Posing as ZelenskiyFugitive CEO Ordered to Pay $3.4 Billion in Record Fraud Case Involving BitcoinHarley-Davidson Says Repo Shortage Is Fueling Credit LossesTesla Drops Model Y Starting P
( 41
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The global economy has been sending mixed signals recently. On one hand, the US inflation rate dropped to 5% in March, marking its lowest point since May 2021, and China has shifted its strategy away from strict zero-COVID policies. Moreover, the world’s supply chains have managed to adjust to the impact of Russia’s invasion of Ukraine. On the other hand, interest rates remain high, and there are concerns about the possibility of a recession. In addition, the US banking sector is still feeling t
( 42
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(Bloomberg) -- US equity futures fell with stocks, as a rally in tech stocks lost steam and persistent inflationary pressures cemented expectations of further interest rate hikes in the US and Europe. Treasuries advanced.Most Read from BloombergFed’s Jerome Powell Tricked by Russian Pranksters Posing as ZelenskiyFugitive CEO Ordered to Pay $3.4 Billion in Record Fraud Case Involving BitcoinHarley-Davidson Says Repo Shortage Is Fueling Credit LossesTesla Drops Model Y Starting Price Below the Ave
( 40
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Fears of a default already have been felt in the market for what’s supposed to be the safest investment on the planet: U.S. Treasury bills.
( 23
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Investors in the online retailer have had to deal with maddening swings in reported income because of volatility in Rivian stock.
( 22
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A gusher of cash and a richly priced stock could steer the supermajor toward a deal.
( 26
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I'm 63 and have zero retirement, just Social Security benefits. How can I begin saving? And where can I begin investing this late in the game? -Rita Saving for retirement is certainly easier and has a greater impact on you … Continue reading → The post Ask an Advisor: I'm 63, Have No Retirement Savings and Will Rely on Social Security. How Do I Begin Saving? Is It Too Late to Start Investing ‘This Late in the Game'? appeared first on SmartAsset Blog.
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When it comes time to start taking your retirement income, you'll hopefully have an array of options available to you. Just be sure to avoid these mistakes.
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When you need another stream of income for retirement, you might consider an annuity. You purchase the annuity from an insurance company and receive payments back at a later date. Before buying an annuity, it's important to consider how much … Continue reading → The post How Much Does a $300,000 Annuity Pay Per Month? appeared first on SmartAsset Blog.
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When inflation surges and cash loses its purchasing power, retirees' hard-earned savings suddenly don't go as far as they expected. Inflation may also lead to widespread salary increases, but retirees typically don't benefit from wage growth because they've already left … Continue reading → The post How Important Is Social Security to Retirees in U.S. Cities? 2023 Study appeared first on SmartAsset Blog.
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The SECURE 2.0 Act, signed by President Biden in December 2022, includes dozens of changes to provisions related to tax-advantaged retirement accounts. Among the most important changes is a provision, which took effect Jan. 1 of this year, that delays … Continue reading → The post Your Required Minimum Distributions (RMDs) Have Officially Been Pushed Back appeared first on SmartAsset Blog.
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Wondering how your retirement savings stack up to other Americans' nest eggs? Or whether your income in your post-work years will be enough to keep you afloat? It's normal to be curious about the average retirement income in the U.S. … Continue reading → The post What Is the Average Retirement Income? appeared first on SmartAsset Blog.
( 40
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(Bloomberg) -- Exxon Mobil Corp. and Chevron Corp. are reaping profits not seen since oil topped $145 a barrel in 2008 — almost twice the current price.Most Read from BloombergFed’s Jerome Powell Tricked by Russian Pranksters Posing as ZelenskiyFugitive CEO Ordered to Pay $3.4 Billion in Record Fraud Case Involving BitcoinHarley-Davidson Says Repo Shortage Is Fueling Credit LossesTesla Drops Model Y Starting Price Below the Average US VehicleAmazon Jolts Investors With Talk of Cloud Growth Slowd
( 39
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Caterpillar Inc., the Fortune 500 maker of the familiar yellow heavy-duty construction and industrial equipment, relocated its global headquarters to Irving in 2022, continuing a long pattern of corporate migration to North Texas.
( 17
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Chevron and Exxon reported impressive earnings, driven by Russia's war in Ukraine. Investors are looking for the next catalyst.
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(Bloomberg) -- Short sellers have ramped up bets against commercial mortgage REITs, wagering that more borrowers will default on office debt as interest costs increase and property values fall.Most Read from BloombergFed’s Jerome Powell Tricked by Russian Pranksters Posing as ZelenskiyFugitive CEO Ordered to Pay $3.4 Billion in Record Fraud Case Involving BitcoinHarley-Davidson Says Repo Shortage Is Fueling Credit LossesTesla Drops Model Y Starting Price Below the Average US VehicleAmazon Jolts
( 40
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As some 30,000 Berkshire Hathaway investors prepare to gather in Omaha for the company’s annual meeting, there is plenty of reason for enthusiasm—and not just because CEO Warren Buffett seems as sharp as ever at 92.
( 22
min )
Amazon's mention of slowing revenue growth in its Amazon Web Services unit hit shares hard but analysts see reason to be positive.
( 22
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(Bloomberg) -- First Republic Bank’s membership in the S&P 500 Index could be in jeopardy after the troubled bank’s stock set a new all-time low on Wednesday that briefly pushed its market capitalization below $1 billion. Most Read from BloombergFed’s Jerome Powell Tricked by Russian Pranksters Posing as ZelenskiyFugitive CEO Ordered to Pay $3.4 Billion in Record Fraud Case Involving BitcoinHarley-Davidson Says Repo Shortage Is Fueling Credit LossesTesla Drops Model Y Starting Price Below the Av
( 39
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The company's adjusted earnings were $2.83 a share, compared with a consensus of $2.60 on FactSet.
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Uber Technologies, one of the world’s biggest ride-sharing companies, will likely report a narrow net loss in the first quarter on solid revenue gains boosted by a high take rate.
( 19
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(Bloomberg) -- Shares of First Republic Bank rose in pre-market trading as the US banking industry and regulators hash out possible paths forward for the troubled regional lender.Most Read from BloombergFed’s Jerome Powell Tricked by Russian Pranksters Posing as ZelenskiyFugitive CEO Ordered to Pay $3.4 Billion in Record Fraud Case Involving BitcoinTesla Drops Model Y Starting Price Below the Average US VehicleHarley-Davidson Says Repo Shortage Is Fueling Credit LossesUS Economic Growth Slows to
( 38
min )
It was more than the SVB bank run that put First Republic in a vulnerable position, an analyst says.
( 41
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Exxon Mobil and Chevron collectively posted $18 billion in quarter profits, showing resilience even as oil and natural-gas prices declined.
( 27
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AMD is expected to report a 10% decline in revenue and an 83% plunge in net income as semiconductor sales fall and data center revenue growth slows.
( 19
min )
Amazon hit by outlook for cloud business, House investigating SVB collapse, and other news to start your day.
( 23
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(Bloomberg) -- Exxon Mobil Corp. posted its strongest-ever start to a year as oil production soars from new wells in the US and off the coast of South America.Most Read from BloombergFed’s Jerome Powell Tricked by Russian Pranksters Posing as ZelenskiyFugitive CEO Ordered to Pay $3.4 Billion in Record Fraud Case Involving BitcoinTesla Drops Model Y Starting Price Below the Average US VehicleHarley-Davidson Says Repo Shortage Is Fueling Credit LossesUS Economic Growth Slows to 1.1% While Inflatio
( 39
min )
The bank initiated coverage of the stock with a buy rating and a $430 price target, implying 40% potential upside.
( 38
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U.S. stock futures fell early Friday as investors digested disappointing tech earnings and looked ahead to the Federal Reserve’s preferred inflation metric later in the day.
Futures on the Dow Jones Industrial Average slipped 0.5%, or 163 points, lower ahead of the open, while S&P 500 futures were
( 26
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(Bloomberg) -- Snap Inc. is set for its biggest intraday share drop in more than six months after reporting a decline in quarterly revenue following major changes to its advertising tools. Most Read from BloombergFed’s Jerome Powell Tricked by Russian Pranksters Posing as ZelenskiyFugitive CEO Ordered to Pay $3.4 Billion in Record Fraud Case Involving BitcoinTesla Drops Model Y Starting Price Below the Average US VehicleHarley-Davidson Says Repo Shortage Is Fueling Credit LossesUS Economic Growt
( 39
min )
Officials from the U.S. government, Federal Reserve, and Federal Deposit Insurance Corporation are coordinating meetings to provide a lifeline to the bank, according to a report.
( 22
min )
The chip company's first-quarter earnings beat expectations, but market watchers want more.
( 22
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(Bloomberg) -- Sony Group Corp. offered a worse-than-expected profit outlook for the current fiscal year, signaling caution about the impact of the global consumer spending slump on its entertainment businesses.Most Read from BloombergFed’s Jerome Powell Tricked by Russian Pranksters Posing as ZelenskiyTesla Drops Model Y Starting Price Below the Average US VehicleFugitive CEO Ordered to Pay $3.4 Billion in Record Fraud Case Involving BitcoinUS Economic Growth Slows to 1.1% While Inflation Accel
( 39
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Companies expected to raise their dividends at a double-digit pace could be sturdy stocks in a slowing economy. Here are five name to consider.
( 22
min )
Big-box retailers spent the better part of the 2010s trying to enter urban markets. The economics can make it hard for them to stay there.
( 22
min )
U.S. equities closed out the day, week, and month with gains on April 28. 2023, boosted by solid earnings reports.
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Coming up next week: more earnings, jobs reports, May FOMC meeting, Berkshire Hathaway's annual shareholder meeting
( 20
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The demands of bellwether ultra-wealthy clients are changing. Here's what to expect and how to adjust your practices.
( 30
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Mortgage interest rate movement was pronounced on Thursday with all but one rate term increasing by double digits. The flagship 30-year mortgage rate is once again flirting with the 7% threshold breached earlier in April.
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The difference between a recourse and a non-recourse loan is relevant only if the borrower defaults on the payments.
( 23
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The Federal Deposit and Insurance Corp. released a report detailing its supervision of the failed Signature Bank. Regulators cited "bad management" as the cause of the bank's demise.
( 18
min )
Maintaining health insurance is essential to protecting your health and finances. If you missed open enrollment, you can still get coverage. Here’s how.
( 22
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Whether you stay with Original Medicare or choose a Medicare Advantage plan depends on how much you value flexibility versus cost and other factors.
( 22
min )
A balloon loan is a loan with low monthly payments, followed by a large final payment to repay the remaining balance at the end of the term.
( 23
min )
The Federal Reserve is poised to deliver what's expected to be another small rate increase Wednesday. Here's what that could mean for your savings and your debts.
( 19
min )
For individuals with larger families, supplemental life insurance may bridge the shortfall in coverage from term or whole-life policies.
( 22
min )
Passive income is earned with little to no effort whereas residual income is passive income with different meanings depending on the context.
( 22
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The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 20-year mortgage rates, all collected here.
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Zero-interest loans are not always the no-loss deal they seem to be.
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An underwriter is any party that evaluates and assumes another party’s risk for a fee in the form of a commission, premium, spread, or interest.
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Personal consumption expenditures is a measure of consumer spending and includes all goods and services bought by U.S. households. Learn more about PCE and how it's used.
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People are spending more on gas and housing, and less on just about everything else, a chart of consumer spending data shows.
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Federal Reserve releases report on Silicon Valley Bank failure, blames management, regulator and social media.
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The Consumer Confidence Index is a survey that measures how optimistic or pessimistic consumers are regarding their expected financial situation.
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A grace period is a set amount of time a payment can be delayed without a penalty being imposed. Read about grace periods for credit cards and home mortgages.
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Pandemic Unemployment Assistance (PUA) temporarily expanded unemployment insurance to freelancers, independent contractors, and the self-employed.
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Compare mortgage rates across 18 different products for both purchase and refinance and see how they stack up across the country.
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The right mortgage can make your dream of owning a home a reality. We researched and collected the best 15-year loan offers.
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The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 10-year mortgage rates, all collected here.
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The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best jumbo mortgage rates, all collected here.
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The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 30-year mortgage rates, all collected here.
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Compare mortgage refinance rates across 18 different products, from 30-Year Fixed to 5/6 ARMs and everything in between.
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Indemnity is compensation for damage or loss through insurance. When it is used in the legal sense, indemnity may also refer to an exemption from liability for damage.
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Bitcoin and other cryptocurrency investments may be available through 401(k) plans and individual retirement accounts (IRAs), though access may depend on the plan provider.
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The average monthly cost of flood insurance in Florida is about $660 per year. Learn how and where to find the best deal on coverage.
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Correspondent and intermediary banks both act as facilitating third parties during certain transactions, but the differences between the two are significant.
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The media demonizes naked short selling, but it usually occurs after a collapse, not before.
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Find out how dividends affect the underlying stock's price, market psychology, and how to predict price changes after dividend declarations.
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Starbucks is expected to follow record sales in the fourth quarter with a decline in revenues, despite the China reopening.
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Uber Technologies, one of the world’s biggest ride-sharing companies, will likely report a narrow net loss in the first quarter on solid revenue gains boosted by a high take rate.
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AMD is expected to report a 10% decline in revenue and an 83% plunge in net income as semiconductor sales fall and data center revenue growth slows.
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Unemployment insurance is a benefit for workers who have lost their jobs and meet certain eligibility requirements.
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Although they are both used as cash equivalents when giving presents, a prepaid card—technically, a prepaid debit card—can be refilled and used repeatedly, while a gift card is generally only used once (or until the dollar amount is exhausted).
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ChatGPT is weer te gebruiken in Italië, maakt ontwikkelaar OpenAI vrijdag bekend. De chatdienst ging uit de lucht na kritiek van de Italiaanse privacytoezichthouder.
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In de VS is opnieuw een middelgrote bank in financiële moeilijkheden gekomen. Het gaat om First Republic, een regionale bank waar klanten de voorbije maanden massaal hun geld hebben weggehaald. Autoriteiten en marktpartijen zouden nu naar een mogelijke reddingsactie kijken, omdat anders een ondergang dreigt.
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Luchtvaartmaatschappij Transavia schrapt ook in mei en juni vluchten vanwege problemen met sommige toestellen. Om hoeveel vluchten het gaat, is nog niet duidelijk. Waar mogelijk wil Transavia vluchten omboeken of zorgen voor een alternatief.
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Dit jaar krijgt de overheid fors minder geld binnen uit snelheidsboetes dan verwacht. Mede door uitval van en onderhoud aan flitspalen en trajectcontroles voorziet het kabinet dit jaar een tegenvaller van 149,7 miljoen euro. Daarom worden boetes in 2024 met 10 procent verhoogd.
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Zeker tweeduizend passagiers van Transavia die hun vlucht niet zien vertrekken, hebben hierover een claim ingediend. De compensatie voor de annulering van hun vlucht kan oplopen tot honderden euro's, geven claimorganisaties aan. Daar kunnen ook nog extra onkostenvergoedingen bij komen.
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Zorgmedewerkers die door het postcovidsyndroom arbeidsongeschikt zijn geraakt, kunnen een eenmalige vergoeding van 15.000 euro krijgen. Het gaat om mensen die in de eerste coronagolf in 2020 voor coronapatiënten hebben gezorgd en daardoor zelf ook ziek zijn geworden.
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Na een moeizaam einde van 2022 hebben de economieën van Duitsland, Frankrijk en de Europese Unie als geheel een recessie toch afgewend. In de cijfers over het eerste kwartaal krompen hun economieën namelijk niet meer.
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De FNV heeft een ultimatum gekregen van het eigen personeel. Onderhandelingen over een hoger loon zijn vastgelopen. De vakbond moet voor maandag op de Dag van de Arbeid op eisen van werknemers ingaan, anders volgen vanaf dinsdag stakingen. Het personeel wil dat lonen meestijgen met de inflatie.
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Na een moeizaam einde van 2022 hebben de economieën van Duitsland, Frankrijk en de Europese Unie als geheel een recessie toch afgewend. In de cijfers over het eerste kwartaal krompen hun economieën namelijk niet meer.
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Het moederbedrijf van verzekeringsmaatschappijen Promovendum en Besured heeft een boete van 2,5 miljoen euro gekregen. Volgens toezichthouder AFM gaf het bedrijf onduidelijke, onjuiste en misleidende informatie aan klanten.
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De groei van de Duitse economie is in het eerste kwartaal van dit jaar gestagneerd. Economen hadden op een groei van 0,2 procent gerekend, maar het bruto binnenlands product bleef precies hetzelfde ten opzichte van een kwartaal eerder.
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Vier dagen voor de explosies bij de Nord Stream-gasleidingen is een Russisch schip op de foto gezet in de buurt van de pijpleidingen. Het Russische vaartuig heeft een mini-onderzeeër aan boord en is speciaal ontworpen voor operaties onder water.
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Vier dagen voor de explosies bij de Nord Stream-gasleidingen is een Russisch schip op de foto gezet in de buurt van de pijpleidingen. Het Russische vaartuig heeft een mini-onderzeeër aan boord en is speciaal ontworpen voor operaties onder water.
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Door de afkoelende economie en stijgende hypotheekrentes kunnen huizenprijzen "onrustwekkend hard" gaan dalen. Daarvoor waarschuwt het Internationaal Monetair Fonds (IMF), dat stelt dat de prijzen nu in veel Europese landen nog 15 tot 20 procent te hoog liggen.
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min )
Sony heeft in de eerste drie maanden van dit jaar 6,3 miljoen PlayStation 5-spelcomputers verkocht. Dat zijn er drie keer zoveel als in het eerste kwartaal van 2022. Toen kon het bedrijf door tekorten aan onderdelen minder gameconsoles maken.
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Vier dagen voor de explosies bij de Nord Stream-gasleidingen is een Russisch schip op de foto gezet in de buurt van de pijpleidingen. Het Russische vaartuig heeft een mini-onderzeeër aan boord en is speciaal ontworpen voor operaties onder water.
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min )
Het chiptekort van de afgelopen jaren is bij chip- en processorfabrikant Intel omgeslagen in een chipoverschot. De verkoop van chips is flink gedaald. Daardoor groeit de voorraad, met slechte omzet- en winstcijfers als gevolg.
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min )
Internetbedrijf Amazon heeft de omzet uit de verkoop van advertenties met 21 procent zien stijgen in de eerste drie maanden van dit jaar. Kunstmatige intelligentie helpt het techbedrijf om nog gerichter reclames aan te bieden. Adverteerders zijn bereid om daar meer voor te betalen.
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In mei en juni krijgen miljoenen Nederlanders vakantiegeld, maar inmiddels krijgt de helft van de werknemers een vakantietoelage via een individueel keuzebudget. Velen gebruiken het extraatje voor achterstallige rekeningen of grote uitgaven. Of zijn er slimmere bestemmingen?
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Most financial experts think that the market won’t be able to keep going up for long this year. Against a backdrop of a looming recession, most financial commentators are talking up the prospect of more uncertainty ahead. But not everyone. In fact, the strategy team at Bank of America believes there are plenty of reasons for owning stocks right now. Market sentiment is resolutely bearish, and a recession is practically accepted by everyone – both offering a chance for a contrarian take. And ther
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Anheuser-Busch plans to spend "heavily" on a Bud Light marketing campaign after the brand was battered for its partnership with trans activist Dylan Mulvaney, according to a report.
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(Bloomberg) -- Amazon.com Inc., having reported strong quarterly sales in its cloud-computing division, jolted investors when executives revealed that revenue growth in the unit slowed so far in April. The shares erased a jump of almost 12%.Most Read from BloombergTesla Drops Model Y Starting Price Below the Average US VehicleFed’s Jerome Powell Tricked by Russian Pranksters Posing as ZelenskiyUS Economic Growth Slows to 1.1% While Inflation AcceleratesGermany in Talks to Limit Export of Chip Ch
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(Bloomberg) -- Intel Corp., the biggest US chipmaker, slid in late trading after predicting a steeper loss than expected, signaling that its turnaround effort remains on shaky ground. Most Read from BloombergTesla Drops Model Y Starting Price Below the Average US VehicleFed’s Jerome Powell Tricked by Russian Pranksters Posing as ZelenskiyUS Economic Growth Slows to 1.1% While Inflation AcceleratesGermany in Talks to Limit Export of Chip Chemicals to ChinaASML, Europe’s Most Valuable Tech Firm, I
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Amazon on Thursday reported a continuing slowdown in its cloud computing unit AWS but stronger than expected revenue and profits for the first quarter sent its stocks higher in after-hours trading. Amazon too has been cutting its expenses amid sluggish online sales and concerns over whether the U.S. will dip into a recession.
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Advisors Catherine Chase and Wendi Doyle had worked at First Republic since 2015.
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Here are three potential scenarios for the troubled San Francisco bank as it struggles to stay afloat.
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“Ms. Javice faces numerous impending deadlines for which she is incurring substantial expense,” said Michael Barlow, an attorney with law firm Abrams & Bayliss, in a recent letter to the judge.
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(Bloomberg) -- Coinbase Global Inc. is making a last-ditch effort to dissuade the SEC from suing the firm, including sending a not-so-subtle reminder that it won’t be easy to take down. Most Read from BloombergTesla Drops Model Y Starting Price Below the Average US VehicleUS Economic Growth Slows to 1.1% While Inflation AcceleratesFed’s Jerome Powell Tricked by Russian Pranksters Posing as ZelenskiyGermany in Talks to Limit Export of Chip Chemicals to ChinaSingapore Hikes Property Tax, Doubling
( 39
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“This morning’s data was the worst of both worlds, with growth down and inflation up,” said Chris Zaccarelli, chief investment officer of Independent Advisor Alliance.
( 39
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(Bloomberg) -- Wall Street traders see good reasons to short First Republic Bank anew as the standoff grows between the US government and the banking industry. Most Read from BloombergTesla Drops Model Y Starting Price Below the Average US VehicleUS Economic Growth Slows to 1.1% While Inflation AcceleratesFed’s Jerome Powell Tricked by Russian Pranksters Posing as ZelenskiyGermany in Talks to Limit Export of Chip Chemicals to ChinaSingapore Hikes Property Tax, Doubling Rate on Foreigners to 60%T
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Wall Street is betting that the US is about to fall into a recession and inflation will drop off a cliff. The actual economy points to the opposite.
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The US economy is already in recession, economists have warned after official figures revealed activity slowed sharply at the start of this year, dealing a blow to Joe Biden’s re-election campaign.
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The S&P 500 dipped by 19% in 2022, but stocks still don’t seem cheap to Charlie Munger, Warren Buffett’s billionaire partner at Berkshire Hathaway. See More: A Healthier Alternative to Coffee & Energy Drinks: Pureboost Gives You Energy Without The Burnout and Exhaustion “In my whole adult life, I have never hoarded cash, waiting for better conditions,” Munger said in an interview in late 2022. “I’ve just invested in the best thing I could find.” Yet he acknowledged that Berkshire Hathaway is sit
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An acquisition of the beleaguered bank could carry costs well beyond the initial sticker price.
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AWS could shine if Google and Microsoft are anything to go by. Whether that's enough to boost the stock remains to be seen.
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The chip maker has embarked on cutting costs while pursuing a pricey turnaround effort.
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First-quarter sales for the anti-inflammatory drug fell 25% from a year ago on a reported basis.
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(Bloomberg) -- The US economy was slowing even before the brunt of any credit crunch stemming from the recent bank failures, while inflation accelerated, highlighting the enormous challenge faced by the Federal Reserve.Most Read from BloombergTesla Drops Model Y Starting Price Below the Average US VehicleUS Economic Growth Slows to 1.1% While Inflation AcceleratesSingapore Hikes Property Tax, Doubling Rate on Foreigners to 60%Germany in Talks to Limit Export of Chip Chemicals to ChinaNetflix Spa
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Workers’ financial confidence for retirement takes the steepest drop since 2008, a survey finds.
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The carrier said it expects "solid profits" in the second quarter as it flagged strong leisure demand heading into the summer travel season.
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Valero Energy Corporation (NYSE: VLO) reported Q1 2023 revenues of $36.4 billion, beating the consensus of $35.4 billion. Operating income rose significantly to $4.0 billion from $1.4 billion a year ago. The Refining segment's operating income rose to $4.1 billion from $1.5 billion a year ago, with throughput volumes averaging 2.9 million barrels daily. Operating income at the Renewable Diesel segment came in at $205 million vs. $149 million in the prior year, with sales volumes averaging 3.0 mi
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min )
Caterpillar Inc (NYSE: CAT) reported first-quarter FY23 adjusted earnings of $4.91 per share, compared to $2.88 a year ago, beating the consensus of $3.78. Revenues for the quarter rose 17% year-over-year to $15.9 billion, beating the consensus estimate of $15.25 billion. The increase was due to favorable price realization and higher sales volume, partially offset by unfavorable currency impacts primarily related to the euro, Japanese yen, and Australian dollar. Adjusted operating profit margin
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Self-driving-technology firm Mobileye reported strong first-quarter earnings. But its disappointing outlook was a problem.
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There’s been a lot of buzz lately about the US potentially heading towards a recession this year. That’s a serious issue, and it should prompt investors to start getting creative in portfolio allocation. One idea is to take advantage of growth-oriented sectors – and to start thinking globally for where to find them. Banking giant Goldman Sachs has done much of the footwork, and the firm’s chief US equity strategist David Kostin has pointed out that China’s pullback from the zero-COVID lockdown p
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(Bloomberg) -- US economic growth slowed in the first quarter by more than expected as tepid business investment and a pullback in inventories tempered a pickup in consumer spending.Most Read from BloombergTesla Drops Model Y Starting Price Below the Average US VehicleSingapore Hikes Property Tax, Doubling Rate on Foreigners to 60%Netflix Spain Lost 1 Million Users Last Quarter, Kantar SaysFirst Republic Faces Potential Curb on Borrowing From FedQuants Are ‘Out of Ammo’ for Buying Stocks, Goldma
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Is there a point at which I should stop reinvesting stock dividends and invest the money or save the cash? -Anonymous Many financial experts recommend that you reinvest dividends most of the time – and I'm inclined to agree. The … Continue reading → The post Ask an Advisor: Should I Stop Reinvesting Dividends? appeared first on SmartAsset Blog.
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Households that make over $200,000 annually comprise just a sliver of all tax returns that are filed in a given year, but their movement between states can have a significant financial impact. When a state loses more high-earning tax filers … Continue reading → The post Where High-Earning Households Are Moving – 2022 Study appeared first on SmartAsset Blog.
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I turn 58 this year and am at a loss for what to do or how to plan for my retirement. I only have a small amount of money invested through previous employers, and I'm not sure how to save … Continue reading → The post Ask an Advisor: I'm Way Behind on Retirement Savings. What Do I Do? appeared first on SmartAsset Blog.
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Even people who love their job would most likely agree that its better not to work than to have to clock in every day. With that in mind, many Americans are looking to retire much earlier than the traditional age. … Continue reading → The post Can I Retire at 45 With $10 Million? appeared first on SmartAsset Blog.
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Bills for utilities, mortgages, auto loans and similar expenses usually arrive monthly, while many investments generate income only quarterly, annually or even less often. However, there are a number of assets that pay income on a monthly basis. Options include … Continue reading → The post 8 Best Investments to Generate Monthly Income appeared first on SmartAsset Blog.
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Crocs Inc. beat expectations in the first quarter.
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The self-driving technology company reported adjusted earnings per share of 14 cents. Wall Street was looking for 12 cents. But its outlook is the problem.
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STMicroelectronics NV (NYSE: STM) reported first-quarter FY23 revenue growth of 19.8% year-on-year to $4.25 billion, beating the consensus of $4.13 billion. Sales to OEMs increased by 17.5% Y/Y, and Distribution sales improved by 24.0% Y/Y. Automotive and Discrete Group (ADG) revenue rose 43.9% Y/Y to $1.81 billion. Analog, MEMS, and Sensors Group (AMS) revenue changed by (0.9)% Y/Y to $1.07 billion. Microcontrollers and Digital ICs Group (MDG) revenue grew 13.2% Y/Y to $1.37 billion. Margins: T
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The carrier's second-quarter earnings guidance comes in above analysts' expectations at it flags strong international travel demand.
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The maker of Marlboro cigarettes posts adjusted earnings of $1.18 a share for its first quarter, matching analysts' expectations.
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“Every night I ask myself why all countries have to base their trade on the dollar,” the Brazilian President, Luiz Inacio Lula da Silva, said on a recent visit to China.
( 41
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Honeywell reports first-quarter earnings per share of $2.07 from $8.9 billion in sales. Wall Street was looking for earnings of $1.93 a share on sales of $8.5 billion.
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Meta Platforms, the parent company of Facebook, reports better-than-expected first-quarter earnings and revenue, First Republic shares rise after two days of sharp losses, Roku posts a narrower-than-expected quarterly loss, and Amazon is scheduled to report earnings after markets close Thursday.
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Some banks may be benefiting from the flight of First Republic’s investors and depositors.
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350 California Street was worth $300 million four years ago. It might sell for 80% less now, brokers say, in a market where office vacancy rates have soared.
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min )
CEO Andy Jassy has said the company is facing one of its toughest challenges in recent memory as layoffs of 9,000 workers are set to be completed this month.
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(Bloomberg) -- The hedge fund that beat 99% of peers last year with a bearish stance on emerging markets says the selloff since February has proven its skepticism right and risky assets will face even bigger losses later this year.Most Read from BloombergTesla Drops Model Y Starting Price Below the Average US VehicleSingapore Hikes Property Tax, Doubling Rate on Foreigners to 60%Netflix Spain Lost 1 Million Users Last Quarter, Kantar SaysFirst Republic Faces Potential Curb on Borrowing From FedQ
( 40
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(Bloomberg) -- Confidence is in short supply among Chinese investors these days, confounding analysts who say reasons to own the market are finally coming true. Most Read from BloombergTesla Drops Model Y Starting Price Below the Average US VehicleSingapore Hikes Property Tax, Doubling Rate on Foreigners to 60%Netflix Spain Lost 1 Million Users Last Quarter, Kantar SaysQuants Are ‘Out of Ammo’ for Buying Stocks, Goldman WarnsFirst Republic Faces Potential Curb on Borrowing From FedThe MSCI China
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Deutsche Bank said its business held up well during March’s banking turmoil, with first-quarter profit rising 8% as it continued to benefit from rising interest rates.
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The chip maker will release first-quarter results after the market closes Thursday. Its shares have slid 36% in the past year.
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The parent company of social media platform Snapchat has struggled recently, but one analyst team sees sunnier skies ahead.
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min )
Bitcoin rose above US$29,000 on Thursday morning in Asia, rebounding from an earlier drop. Ether gained. Other top 10 non-stablecoin tokens traded mixed.
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(Bloomberg) -- The fate of First Republic Bank has become a game of chicken between the US government and the lender’s largest rivals, with both sides seeking to avoid steep losses and hoping the other will save the troubled firm. Most Read from BloombergTesla Drops Model Y Starting Price Below the Average US VehicleQuants Are ‘Out of Ammo’ for Buying Stocks, Goldman WarnsNetflix Spain Lost 1 Million Users Last Quarter, Kantar SaysFirst Republic Faces Potential Curb on Borrowing From FedXi Speak
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In Meta's Q1 earnings call, CEO Mark Zuckerberg fights back against claims the company is abandoning the metaverse.
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Goldman Sachs has advised investors to buy energy and mining stocks, saying the two sectors are positioned to benefit from economic growth in China
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min )
America's largest crypto exchange claims the Securities and Exchange Commission (SEC) is pressuring it to overhaul its entire customer-facing operation.
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min )
Southwest (LUV) shares dropped after first quarter results revealed a lingering impact from the airline's messy holiday season.
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min )
Amazon (AMZN) shares jumped over 6% in after hours trading following strong Q1 earnings beat driven by North American e-commerce and cloud revenue.
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min )
Going back to school as an adult requires careful financial planning. Here's how to pay for it.
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Inflation is a decrease in the purchasing power of money, reflected in a general increase in the prices of goods and services in an economy.
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Prepaid college tuition plans allow you to pay tomorrow's tuition at today's rates. Find out how they work and which states still offer them.
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min )
The Consumer Price Index For All Urban Consumers measures monthly change in U.S. consumer prices.
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min )
Signed contracts for sales of existing homes dropped 5.2% through March.
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min )
Banks are growing more tight-fisted with their loans to businesses, a warning sign that millions of workers could lose their jobs in the coming months.
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min )
The Consumer Price Index (CPI) measures change over time in the prices paid by consumers for a representative basket of goods and services.
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Find out how the Kohl's credit card works and how shoppers can generate bigger savings throughout the year as a Kohl's cardholder.
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min )
The Greeks, in the financial markets, are the variables used to assess risk in the options market. A Greek symbol is assigned to each risk.
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The producer price index is a monthly measure of change in the prices received by domestic producers.
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Bank guarantees reduce the loss if a transaction doesn't go as planned, while letters of credit ensure that the transaction proceeds as planned.
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See how the top nationwide rates on high-yield savings accounts are trending. Our rate data is checked daily for almost 100 financial institutions.
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min )
With Électricité de France SA in the top spot, these are the 10 biggest utility companies by revenue
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Studies have found disparate rejection rates for loans by race in the mortgage market and inequality in home equity.
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U.S. economic output grew at a slower pace in the first quarter, adding to signs that higher interest rates are dragging the economy toward a recession.
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min )
Newsletter to learn financial terms and their relevance to today's investing news.
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Trending topics of the month for educators, with useful material to share with students and use in lessons.
( 10
min )
Mortgage rate movement was a mixed bag, with most averages showing just minimal changes. The 30-year average rose slightly, while the 15-year average registered a fifth day of decline.
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The Energy Information Administration predicting a 35% jump in EV demand in 2023 after another record year, with an impact in oil demand.
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min )
Homes in New York’s Hamptons have never been more expensive—because they’ve rarely been this tough to come by.
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min )
A personal identification number (PIN) is a numerical code used in many electronic financial transactions, providing additional account security.
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Reizigers konden donderdagmiddag urenlang geen treinkaartje kopen via ns.nl of de NS-app. Het systeem kampte sinds 13.30 uur met een storing. Iets na 17.00 uur was de storing voorbij.
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Op het eiland Gough in de Zuidelijke Atlantische Oceaan is een vacature vrijgekomen voor vogelliefhebbers. De vacature is niet voor iedereen weggelegd: Gough staat te boek als een van de meest afgelegen eilanden ter wereld.
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Bouwbedrijf Strukton en ingenieursbureau Oranjewoud willen dat topman Gerard Sanderink permanent geschorst wordt als bestuursvoorzitter. In maart werd al gekozen voor een tijdelijke schorsing van drie maanden.
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min )
In België zijn de prijzen in april 5,6 procent hoger dan een jaar eerder. Dat is een een lager inflatiecijfer dan in februari en maart. Wel blijven de prijzen van voedingsmiddelen nog hard stijgen bij onze zuiderburen.
( 3
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Bouwbedrijf Strukton en ingenieursbureau Oranjewoud willen dat oprichter Gerard Sanderink permanent geschorst wordt als bestuursvoorzitter. In maart werd al gekozen voor een tijdelijke schorsing van drie maanden.
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Transavia heeft voor vrijdag en zaterdag vluchten van en naar Eindhoven Airport en Rotterdam The Hague Airport geannuleerd. Daardoor zijn enkele duizenden passagiers gedupeerd. De luchtvaartmaatschappij zegt te weinig vliegtuigen klaar te hebben.
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min )
Speelgoedmaker Hasbro heeft zijn omzet het afgelopen kwartaal zien kelderen. Het bedrijf achter Monopoly, Peppa Pig en My Little Pony laat daarom minstens duizend medewerkers vertrekken.
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Na de bestuursvoorzitter en de commercieel bestuurder vertrekt ook de financieel topvrouw van Plopsaland. Het bestuur van het Belgische pretparkbedrijf kwam in opspraak na berichten over grensoverschrijdend gedrag en een toxische werksfeer.
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Na een onrustig najaar heeft het Zweedse bedrijf Vattenfall weer een hogere winst geboekt. In de eerste drie maanden van het jaar hield de energieleverancier 11,8 miljard Zweedse kronen (ongeveer 1 miljard euro) over. Dat is bijna een verdubbeling ten opzichte van een jaar eerder.
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min )
Twitter moet zich opmaken voor een zware tijd zodra nieuwe Europese regels voor sociale media ingaan. Dat zegt Eurocommissaris Vera Jourová. Ze beklaagt zich over de Russische propaganda op het platform en waarschuwt dat de Europese Unie daarvoor later dit jaar geen ruimte meer laat.
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min )
Nederlandse bedrijven hebben in de eerste drie maanden van het jaar veel meer bestelbussen en trucks gekocht. Ze registreerden maar liefst 20 procent meer nieuwe bedrijfswagens dan een jaar eerder. Dat komt vooral doordat de leveringsproblemen door chiptekorten voorbij zijn.
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Unilever verkocht in de eerste maanden van 2023 iets minder producten, maar door flinke prijsverhogingen kwam er toch meer geld binnen. Het bedrijf achter Dove, Magnum, Calvé en De Vegetarische Slager verhoogde de prijzen begin dit jaar met 10,7 procent.
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Ondanks de hoge inflatie hoeven we ons geen zorgen te maken over hoge prijzen op de vrijmarkt. "Op Koningsdag werken we met ronde prijzen. Een keertje grabbelen verhoog je daarom niet zo snel met een paar centen."
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min )
Travel insurance helps cover financial losses associated with illness, injury, accidents, flight or other transportation delays, and other issues that happen during a trip.
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An account inquiry is a review of an individual's credit or deposit accounts. It often occurs in connection with a loan application but can also be used for other purposes.
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Buy now, pay later plans make it easy and convenient to pay for purchases. Learn how BNPL can affect your credit score.
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U.S. equities were mixed on April 26, 2023, as strong tech earnings were offset by concerns about banks and a possible recession.
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Credit quality can refer to individuals or entities such as bonds, companies, and governments. Credit scores and credit ratings are measures of credit quality.
( 21
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Credit reports and investigative consumer reports sound similar, but they contain different information about people and are used for different purposes.
( 22
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Debt relief involves the reorganization of a borrower's debts to make them easier to repay. It can also give creditors a chance to recoup at least a portion of what they are owed.
( 23
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First Republic Bank (FRC) is teetering on the brink of collapse as its shares fall to new all-time lows on reports the federal government is reluctant to put together a rescue package.
( 17
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Find out which credit cards now reward you for your gasoline purchases.
( 22
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An automatic stay is a legal provision that temporarily prevents creditors from trying to collect money or seize property from debtors in bankruptcy.
( 22
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It's possible to get cash back or other rewards by using a credit card to pay your student loan debt. Here's how it works and whether it's worth it.
( 25
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The maximum loan-to-value ratio is the largest allowable ratio of a loan's size to the dollar value of the property that serves as collateral. It can vary depending on the loan program.
( 24
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The Bankruptcy Abuse Prevention and Consumer Protection Act BAPCPA is a 2005 law meant to reform the bankruptcy system in the United States.
( 23
min )
Interactive Brokers and TD Ameritrade have plenty of tools for advanced traders, but it's easier to get started at TD.
( 27
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Joint tenants with right of survivorship (JTWROS) is a type of property ownership giving co-owners survivorship rights upon another property owner’s death.
( 26
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Credit rating agencies assess the creditworthiness of companies and governments and the debt they issue, while credit bureaus provide credit information on individual consumers.
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A limited recourse debt is a loan or other debt that gives the creditor certain specific claims on the borrower's assets in the event of default.
( 22
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The debit balance in a margin account is the amount that an investor owes their broker for money they borrowed from the broker to purchase securities on margin.
( 23
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Refinancing risk is the possibility that a borrower will not be able to replace existing debt with suitable new debt when they need to.
( 21
min )
Understanding how each kind of business insurance works can help you determine which coverage options can help protect your business.
( 24
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Investopedia and NY1 are teaming up on a series of biweekly updates tracking the health of New York City’s economy, highlighting the best and worst-performing areas of New York's housing, tourism, leisure and hospitality metrics. areas of New York's housing, tourism, leisure and hospitality metrics.
( 17
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What do lenders consider most important when they look at your credit report? And what other information will they want you to provide?
( 27
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SWIFT is the global standard for payment and securities trade transactions
( 25
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All non-jumbo mortgage averages dipped lower for a fourth consecutive day, while every jumbo rate average marked time.
( 18
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Mastercard will likely report a small pullback in profits as gross dollar volume (GDV) from purchases grew at a slower pace, as inflation deterred consumer spending.
( 17
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The debt limit could be raised, the government could run out of money and break the economy, or Biden could defy Congress
( 19
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U.K. regulator blocked Microsoft’s (MSFT) $69 billion acquisition of Activision Blizzard (ATVI) on Wednesday, hobbling the tech giant’s ambitions in the fast-growing European gaming market.
( 17
min )
Errors and omissions insurance (E&O) is a type of professional liability insurance that protects against claims of inadequate work or negligent actions.
( 25
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Form 1099-PATR, Taxable Distributions Received From Cooperatives is used to report distributions received from a cooperative that may have to be included in your taxable income.
( 23
min )
Crops woes, production shortage and supply limitations have placed upward pressure on food prices, complicating matters for global central banks.
( 21
min )
A floating interest rate is an interest rate that periodically adjusts up or down to reflect economic or financial conditions. It's tied to a benchmark rate or an index.
( 22
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A death cross is a chart pattern that occurs when a security's short-term moving average drops below its longer-term moving average.
( 23
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The right financial planning for professional athletes can turn short-term high earnings into a lifetime of steady income. Here's how it's done.
( 23
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Learn how fair market value is determined during a real estate appraisal and why market values are really decided by a professional opinion.
( 22
min )
A flexible spending account (FSA) is a type of savings account, usually for healthcare expenses, that sets aside pretax funds for later use.
( 24
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A communication industry ETF invests in securities in the communication sector, including telecommunications, media, and internet companies.
( 21
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AbbVie, the maker of the best-selling drug of the 21st century, likely will say earnings plummeted in the first quarter after it lost the exclusive right to market its blockbuster biologic, Humira.
( 17
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A personal loan allows you to borrow money and repay it over time. Here’s what a personal loan is, how it works, and how to use one.
( 26
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Microsoft and Alphabet shares surged after beating analyst estimates for earnings and revenue. Here’s what investors need to know today.
( 18
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Rising net interest income boosted earnings at key regional and mid-sized banks in the first quarter. But broad deposit withdrawals portend challenges ahead.
( 17
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Even with lower oil prices versus a year ago, when they surged after Russia's invasion of Ukraine, Exxon Mobil's profit likely gained significantly in the first-quarter of 2023.
( 18
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Business interruption insurance is a form of insurance coverage that replaces business income lost as a result of a business interruption event.
( 23
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Find out how to calculate the equity in your home, your home equity percentage, and the loan-to-value (LTV) based on the current market price.
( 26
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(Bloomberg) -- In 1984, Martin van den Brink, a young Dutch engineer, joined a newly created venture in a quiet corner of the Netherlands. Little did he know then that about 40 years on the company would be so crucial to the $580 billion semiconductor industry that it would be the epicenter of a US-China chip war.Most Read from BloombergTesla Drops Model Y Starting Price Below the Average US VehicleQuants Are ‘Out of Ammo’ for Buying Stocks, Goldman WarnsNetflix Spain Lost 1 Million Users Last Q
( 46
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The jobs market remains robust, and after hitting heights not seen during the last 40 years, it looks like inflation is cooling down. At the same time, there are still concerns a recession is on the way while the geopolitical landscape remains uncertain. However, weighing the positives against the negatives, Oppenheimer’s Chief Investment Strategist John Stoltzfus believes the economy’s display of strength spells good news for the stock market. “From our perch on the market radar screen the pote
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The delivery giant said it would finish setting up new technology in more than 900 U.S. buildings by October, two months earlier than planned.
( 26
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The CoinDesk Market Index (CMI), which tracks the performance of the broader crypto market, plummeted 5.6% in an hour.
( 38
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Pioneer CEO Scott Sheffield, who helped turn the driller into one the largest oil producers in the country, will retire at the end of the year.
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First Republic Bank (FRC) is teetering on the brink of collapse as its shares fall to new all-time lows on reports the federal government is reluctant to put together a rescue package.
( 16
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If I have a tax-deferred 401(k). Can I convert it to a Roth IRA without paying the deferred taxes when I roll it over? -Tommy Generally, the answer here is no. There's typically no method to totally dodge taxes on … Continue reading → The post Ask an Advisor: I Want to Roll Over My Money to a Roth IRA. How Do I Avoid Paying Taxes? appeared first on SmartAsset Blog.
( 39
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Chief Commercialization Officer Christopher Boerner will take over after Giovanni Caforio retires, the company said.
( 34
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Expectations for first-quarter sales of its diabetes treatment, Mounjaro, are $433 million.
( 23
min )
Facebook parent company Meta's first-quarter results surpassed Wall Street's modest expectations on both profit and revenue, sending its stock soaring in after-hours trading. Meta also reported that the monthly user base of its flagship platform — Facebook — inched close to 3 billion. Meta Platforms Inc. said Wednesday it earned $5.71 billion, or $2.20 per share, in the January-March period.
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Here's what you need to know about the anti-dollar movement – and whether it's really a threat to the buck's dominance.
( 39
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A new breed of overemployed workers has emerged, turning to artificial intelligence (AI)-powered language models like ChatGPT to handle a significant portion of their job responsibilities. See More: A Healthier Alternative to Coffee & Energy Drinks: Pureboost Gives You Energy Without The Burnout and Exhaustion "ChatGPT does like 80% of my job," stated one worker, while another, currently holding down four robot-performed jobs, says, "Five would be overkill." As the popularity of AI-powered tools
( 39
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(Bloomberg) -- Oil, whipsawed by volatile equity markets, fell the most since mid-March when a banking crisis battered the commodity, nullifying gains from a surprise production cut by OPEC+. Most Read from BloombergTesla Drops Model Y Starting Price Below the Average US VehicleUK Blocks Microsoft’s $69 Billion Activision Deal Quants Are ‘Out of Ammo’ for Buying Stocks, Goldman WarnsFirst Republic Bank to Weigh Up to $100 Billion in Asset SalesBRICS Draws Membership Bids From 19 Nations Before S
( 38
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(Bloomberg) -- Wall Street veteran Bob Michele anticipates a flattening of the yield curve to 3% for securities maturing in two through 30 years, a forecast representing a victory over inflation and a loss for the US economy.Most Read from BloombergTesla Drops Model Y Starting Price Below the Average US VehicleUK Blocks Microsoft’s $69 Billion Activision Deal Quants Are ‘Out of Ammo’ for Buying Stocks, Goldman WarnsNetflix Spain Lost 1 Million Users Last Quarter, Kantar SaysFirst Republic Faces
( 38
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The central bank has returned to pulling money out of the financial system following an interruption resulting from last month's troubles in banking.
( 23
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On May 1, the federal government will change the fees that most borrowers pay as part of buying a new home. The changes will have a counter-intuitive result: many borrowers with lower credit scores paying less in fees when they … Continue reading → The post Outrage Alert: Good Finances Could Hurt Your Mortgage Terms appeared first on SmartAsset Blog.
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It would be hard to find a buyer or create another rescue plan, but a regulatory seizure would bring its own set of problems.
( 34
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The stock market looks vulnerable to a correction, one that could be substantial if the economy or earnings go wrong. There's a major caveat, though.
( 22
min )
When it comes to achieving market-beating returns consistently, few investors have done a better job than Warren Buffett. From 1964 to 2022, his company Berkshire Hathaway (NYSE: BRK-B) delivered an overall gain of 3,787,464%, dwarfing the S&P 500’s 24,708% return during the same period. Buffett’s investment strategy centers around value investing. He found high-quality companies with durable competitive advantages, invested in them when they were trading below their intrinsic value and reaped h
( 40
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The analysts found four financial variables that could prompt an activist attack.
( 41
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Downgrades are mounting since Tesla reported disappointing first-quarter earnings on April 19.
( 22
min )
CEO Hans Vestburg said the phone company has mostly finished $10 billion in spending on C-bank spectrum and that it expects to be generating more cash.
( 22
min )
Activision released financial results a day early after its potential deal with Microsoft was blocked in the U.K. The numbers suggest the company has gained momentum independent of the sale.
( 23
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Bitcoin failed to fulfil one of its purposes last year as a hedge against soaring inflation, but it came into its own recently via another original purpose – as a bet against the legacy banking system. Its decentralized and trustless attributes have made the leading crypto one to hold against a backdrop of multiple bank collapses. In fact, delivering gains of 70% though Q1 made it the quarter’s best performing asset. And it has got plenty more room to run, says Geoff Kendrick, head of crypto res
( 43
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(Bloomberg) -- Tesla Inc. shares extended their brutal selloff, pulling the company’s market valuation below the key half-trillion dollar mark as investors increasingly fear its price-cutting plan will eat into profits.Most Read from BloombergTesla Drops Model Y Starting Price Below the Average US VehicleUK Blocks Microsoft’s $69 Billion Activision Deal Quants Are ‘Out of Ammo’ for Buying Stocks, Goldman WarnsFirst Republic Bank to Weigh Up to $100 Billion in Asset SalesBRICS Draws Membership Bi
( 39
min )
CEO Badri Kothandaraman said high interest rates seem to be making solar power less attractive to customers in several states.
( 23
min )
American ingenuity has long been the driving force behind the US economy, and few sectors embody this better than biotech. With over 500 biotech firms operating in the US, developing new medical technologies, drug therapies, surgical instruments, and techniques – the list is only limited by imagination. These brilliant vistas come with risks, though, including biotech’s famously high overhead costs, its long lead times to new product introduction, and the burden of regulatory requirements and ap
( 42
min )
Shares in the retailer, which has filed for bankruptcy, will stop trading on Nasdaq on May 3, the company said.
( 23
min )
GSK plc (NYSE: GSK) reported Q1 FY23 sales of £6.95 billion, down 3% Y/Y on the actual exchange rate and 8% on the constant exchange rate. Turnover excluding COVID-19 solutions reached £6.82 billion, up 16% Y/Y (10% at CER), with solid performance across Vaccines, Specialty, and General Medicines. Key growth drivers included the Shingrix vaccine, meningitis vaccines, HIV medicines, Benlysta in immunology, Nucala, and Trelegy in respiratory, contributing more than 40% of sales. Related: GSK To St
( 38
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In its Q1 earnings release, Illumina Inc (NASDAQ: ILMN) unveiled plans to accelerate margin improvement and create flexibility for further investment in high-growth areas. The company aims to reduce its annualized run rate expenses by more than $100 million starting later this year. Q1 Revenue of $1.09 billion was down 11% Y/Y (down 9% on a constant currency basis), beating the consensus of $1.07 billion. Adjusted EPS of $0.08 declined from $1.07 a year ago, beating the consensus of $0.02. Also
( 38
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Retiring at age 50 would be a dream for most people, as it would leave you with a few decades of time and, hopefully, health, to enjoy your life. The key to achieving this dream, though, is to put aside … Continue reading → The post Can I Retire at 50 With $1.5 Million? appeared first on SmartAsset Blog.
( 43
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(Bloomberg) -- The US energy patch is ripe for a takeover boom, as oil and gas producers flush with cash turn to dealmaking to find new sites to drill. Most Read from BloombergTesla Drops Model Y Starting Price Below the Average US VehicleUK Blocks Microsoft’s $69 Billion Activision Deal Quants Are ‘Out of Ammo’ for Buying Stocks, Goldman WarnsFirst Republic Bank to Weigh Up to $100 Billion in Asset SalesBRICS Draws Membership Bids From 19 Nations Before SummitEnergy producers raked in record pr
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AbbVie, the maker of the best-selling drug of the 21st century, likely will say earnings plummeted in the first quarter after it lost the exclusive right to market its blockbuster biologic, Humira.
( 17
min )
CEO Badri Kothandaraman said high interest rates seem to be making solar power less attractive to customers in several states.
( 23
min )
(Bloomberg) -- First Republic Bank shares slumped on a report that advisers have lined up potential buyers of new stock as part of a rescue plan for the beleaguered lender.Most Read from BloombergTesla Drops Model Y Starting Price Below the Average US VehicleQuants Are ‘Out of Ammo’ for Buying Stocks, Goldman WarnsFirst Republic Bank to Weigh Up to $100 Billion in Asset SalesFox Fired Its Biggest Star Tucker Carlson, Who Badmouthed BossesBRICS Draws Membership Bids From 19 Nations Before SummitA
( 38
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Downgrades are mounting since Tesla reported disappointing first-quarter earnings on April 19.
( 22
min )
Microsoft plans to appeal the decision by the U.K.'s Competition and Markets Authority to block the company's acquisition of Activision Blizzard.
( 22
min )
The country’s competition regulator said the deal would hurt competition in the videogaming industry, raising new bar amid FTC and EU scrutiny.
( 26
min )
Boeing lost $425 million in the first quarter — more than Wall Street expected — plagued by production problems while building passenger planes and it had a write-down for a military tanker. Revenue rose 28% from a year earlier, however, as airlines scooped up new jets to meet rising travel demand. CEO David Calhoun called it “a solid first quarter."
( 39
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The Electric-vehicle start-up said its Ocean SUV has been certified for sale by European regulators. Regional deliveries will start May 5. U.S. Deliveries are to follow.
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Even with lower oil prices versus a year ago, when they surged after Russia's invasion of Ukraine, Exxon Mobil's profit likely gained significantly in the first-quarter of 2023.
( 18
min )
Bitcoin and Ether rose on Wednesday trade in Asia, along with all top 10 non-stablecoin cryptocurrencies, with Solana and Cardano leading the way.
( 39
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The electric-vehicles company has been cutting prices to boost sales. Investors may want it to take a different approach.
( 22
min )
Thermo Fisher's first-quarter adjusted earnings meet analysts' expectations even as Covid-19 testing revenue falls sharply.
( 23
min )
The Facebook parent is facing weak advertiser demand and privacy headwinds.
( 25
min )
PacWest shares jumped, others including Western Alliance and Zions were trading higher early on Wednesday.
( 23
min )
Usually in economic slowdowns, it’s low-income workers who get cut first, but the recent increase in unemployment insurance (UI) claims in the US has been more broad-based.
( 37
min )
Tech giants Microsoft and Alphabet report better-than-expected earnings, Enphase issues a weak revenue forecast, and PacWest Bancorp says deposits have stabilized.
( 23
min )
(Bloomberg) -- Netflix Inc. lost more than one million users in Spain in the first three months of 2023 according to market research group Kantar, a sign that the streaming giant’s crackdown on password-sharing could face pushback.Most Read from BloombergTesla Drops Model Y Starting Price Below the Average US VehicleQuants Are ‘Out of Ammo’ for Buying Stocks, Goldman WarnsFirst Republic Bank to Weigh Up to $100 Billion in Asset SalesFox Fired Its Biggest Star Tucker Carlson, Who Badmouthed Bosse
( 39
min )
(Bloomberg) -- Alibaba Group Holding Ltd. is cutting the cost of its cloud services by as much as half, a move that could win users from rivals such as Tencent Holdings Ltd. at a time it’s considering spinning off the fast-growing Aliyun business.Most Read from BloombergTesla Drops Model Y Starting Price Below the Average US VehicleFox Fired Its Biggest Star Tucker Carlson, Who Badmouthed BossesBRICS Draws Membership Bids From 19 Nations Before SummitAirline Cancels Passengers’ $10,000 Business
( 40
min )
First Republic's first-quarter earnings show its customers yanked over $100 billion worth of deposits during the recent banking turmoil.
( 38
min )
Bitcoin rose in Wednesday morning trading in Asia to reclaim the US$28,000 mark, with Ether and all other top 10 non-stablecoin cryptocurrencies moving higher.
( 40
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(Bloomberg) -- A rout in Chinese stocks took a breather as bargain hunters emerged after geopolitical tensions wiped out about $446 billion in value for mainland shares this month. Most Read from BloombergTesla Drops Model Y Starting Price Below the Average US VehicleFox Fired Its Biggest Star Tucker Carlson, Who Badmouthed BossesBRICS Draws Membership Bids From 19 Nations Before SummitClarence Thomas’s Billionaire Friend Did Have Business Before the Supreme CourtTucker Carlson’s Fox News Exit E
( 37
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"Bootstrapping" strategies like wholesaling have exploded in popularity, but an investor who owns over 1,250 units shares why they won't work in 2023.
( 40
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(Bloomberg) -- Alphabet Inc.’s Google and Microsoft Corp., whose quarterly earnings each got a boost from their established search and cloud-computing businesses, used their time with investors to emphasize what’s next: artificial intelligence.Most Read from BloombergTesla Drops Model Y Starting Price Below the Average US VehicleFox Fired Its Biggest Star Tucker Carlson, Who Badmouthed BossesBRICS Draws Membership Bids From 19 Nations Before SummitClarence Thomas’s Billionaire Friend Did Have Bu
( 40
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Het kabinet moet bezuinigen: de rentelasten op staatsleningen zijn gestegen, de asielopvang is duurder geworden en de schade door gasbevingen in Groningen moet afgewikkeld worden. Bijna alle ministeries moeten geld inleveren. Het scholingsbudget STAP komt te vervallen. Daarnaast wordt de gratis kinderopvang met twee jaar uitgesteld tot 2027, omdat het kabinetsplan niet uitvoerbaar is.
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De energierekening gaat in 2024 waarschijnlijk omhoog doordat netbeheerder TenneT meer kosten heeft gemaakt. Naar verwachting betaalt een gemiddeld huishouden komend jaar ruim vijf tientjes meer aan vaste kosten.
( 3
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Transavia zit zo krap in de vliegtuigen dat het geen garanties meer durft te geven over het doorgaan van vluchten in deze meivakantie.
( 3
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De omgevingsdienst die toezicht houdt op Tata Steel mag een camera blijven richten op het terrein van de staalfabriek. De privacy van medewerkers is niet in het geding door de camera, die in de gaten houdt of er schadelijke uitstoot plaatsvindt.
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Kappers krijgen er in een jaar tijd in twee stappen 9 procent meer loon bij. Bovendien vallen verplichte scholingsavonden voortaan onder werktijd.
( 3
min )
Koning Willem-Alexander viert zijn verjaardag donderdag in Rotterdam. Dat gaat zo'n 4 miljoen euro kosten. Het wordt daarmee de duurste Koningsdag ooit. In Maastricht, waar de koning vorig jaar zijn verjaardag vierde, kostte het feest minder dan de helft.
( 3
min )
Softwarebedrijf Microsoft mag Call of Duty-maker Activison Blizzard niet overnemen. Dat heeft de Britse toezichthouder CMA woensdag besloten. De waakhond is bang dat Microsoft na de overname te veel macht krijgt op de markt voor online games.
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min )
De energieprijzen in de Europese Unie hebben in de tweede helft van vorig jaar recordniveaus bereikt. De gemiddelde prijs voor elektriciteit ging met ruim 20 procent omhoog. De gasprijs steeg met 46 procent.
( 3
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We trekken morgen op Koningsdag weer massaal naar de vrijmarkt voor koopjes, spelletjes en iets te snaaien. Maar hoe rekenen we tegenwoordig af? Ondanks betaalapps is contant geld nog niet weg te denken.
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De wereldwijde verkoop van elektrische auto's zal dit jaar tot recordhoogte stijgen, verwacht het Internationaal Energieagentschap (IEA). Veel automobilisten stappen over op elektrische vervoermiddelen, omdat ze af willen van vervuilende brandstoffen als benzine.
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Meer dan de helft van de AH-supermarkten is op de vierde dag van de staking in distributiecentra goed bevoorraad. Het gaat om filialen die producten krijgen geleverd vanuit Zaandam, Hoorn en Tilburg. Bij de rest van de winkels ontbreken houdbare en verse producten in de schappen.
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Windows, Xbox en andere apparaten van Microsoft hebben het afgelopen kwartaal bar weinig opgeleverd. De hardwaremarkt heeft het zwaar na de flinke verkopen tijdens de coronajaren. Maar Microsoft kreeg hulp van de aanhoudende vraag naar clouddiensten.
( 4
min )
Google-moederbedrijf Alphabet voelt de toenemende concurrentie van andere bedrijven op het gebied van video en zoeken. Advertenties leverden Alphabet opnieuw minder op. Toch wist het bedrijf meer omzet te draaien dan analisten hadden verwacht.
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De wereldwijde verkoop van elektrische auto's zal dit jaar naar recordhoogte stijgen, verwacht het Internationaal Energieagentschap (IEA). Veel automobilisten stappen over op elektrische vervoermiddelen, omdat ze af willen van vervuilende brandstoffen als benzine.
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min )
Winkeliers hebben in maart ruim 4 procent meer omzet behaald dan in dezelfde maand vorig jaar. De groei is vooral te danken aan de hogere prijzen, aangezien het totale verkoopvolume met 7 procent daalde.
( 3
min )
Klimaatminister Rob Jetten presenteert woensdag een aanvullend pakket maatregelen om de klimaatdoelen van 2030 te halen. Hij kan kiezen uit een 'menukaart' met vrijwel alleen maar politieke landmijnen. Lukt het dit kabinet nog de klimaatplannen flink aan te scherpen?
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We zijn sinds corona gewend om een aantal dagen per week thuis te werken. Maar dat kan alleen na overleg. Werknemers kunnen niet zomaar eisen dat ze vanuit huis mogen werken, ook niet waneer de 'Wet werken waar je wilt' wordt ingevoerd.
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min )
Anheuser-Busch InBev has put two marketing executives on leave amid conservative backlash over Bud Light's partnership with transgender influencer Dylan Mulvaney. Here's what you need to know.
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Charles Schwab and TD Ameritrade have similar features and product offerings. TD Ameritrade has a small edge over Schwab, though Schwab acquired TD Ameritrade in 2020.
( 23
min )
Portfolio shifts are a common occurrence for investors, especially active ones. Over time, assets shift out of balance from their original assigned portions and could take you out of your comfort zone. Rebalancing your portfolio realigns your assets to meet … Continue reading → The post Here's How Often You Should Rebalance Your Portfolio, According to Vanguard appeared first on SmartAsset Blog.
( 39
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(Bloomberg) -- Amid resurgent banking angst, rattled stock markets may have to live without a key source of buying power.Most Read from BloombergTesla Drops Model Y Starting Price Below the Average US VehicleFox Fired Its Biggest Star Tucker Carlson, Who Badmouthed BossesBRICS Draws Membership Bids From 19 Nations Before SummitClarence Thomas’s Billionaire Friend Did Have Business Before the Supreme CourtFirst Republic Bank to Weigh Up to $100 Billion in Asset SalesThat’s the warning from Goldma
( 40
min )
CDs can generate hundreds in interest over the course of a year, as long as you don’t touch your money before your CD matures.
( 39
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Payment processing giant Visa Inc. said its second-quarter profits jumped 14% from a year earlier on an adjusted basis, as the company continues to benefit from a global increase in credit card and debit card usage. For the past several quarters, Visa's fortunes have been bolstered by a global increase in online payments and usage of credit and debit cards. Visa takes a fee from every transaction processed on its network.
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Google parent Alphabet reported first-quarter earnings that surpassed Wall Street's expectations.
( 23
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(Bloomberg) -- The spread between AMC Entertainment Holdings Inc.’s common and preferred shares widened Tuesday after a hearing on the movie-theater’s conversion dispute indicated that a settlement is unlikely in the next two months.Most Read from BloombergTesla Drops Model Y Starting Price Below the Average US VehicleFox Fired Its Biggest Star Tucker Carlson, Who Badmouthed BossesBRICS Draws Membership Bids From 19 Nations Before SummitAirline Cancels Passengers’ $10,000 Business Class Tickets
( 39
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The company has missed Wall Street earnings projections in 13 of the past 16 quarters.
( 22
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Managers would rather work with the once-maligned millennial than Gen Z. But they're misunderstanding the youngest generation.
( 39
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A new study conducted by finance professors from the University of Florida shows the potential value of ChatGPT in predicting stock market movements. See More: A Healthier Alternative to Coffee & Energy Drinks: Pureboost Gives You Energy Without The Burnout and Exhaustion In the study, over 50,000 news headlines about companies dating back to October 2021 were fed to the chatbot, which evaluated whether the news was good, bad or irrelevant to the company's stock prices. Using sentiment analysis,
( 38
min )
(Bloomberg) -- Bond traders are no longer fully convinced that the Federal Reserve will do one more quarter-point interest-rate hike.Most Read from BloombergTesla Drops Model Y Starting Price Below the Average US VehicleFox Fired Its Biggest Star Tucker Carlson, Who Badmouthed BossesBRICS Draws Membership Bids From 19 Nations Before SummitClarence Thomas’s Billionaire Friend Did Have Business Before the Supreme CourtFirst Republic Bank to Weigh Up to $100 Billion in Asset SalesShort-end market r
( 38
min )
Bud Light lost both dollar sales and market share after calls to boycott the brand, while Miller Lite and Coors Light both gained, an industry report said.
( 23
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(Bloomberg) -- First Republic Bank is exploring divesting $50 billion to $100 billion of long-dated securities and mortgages as part of a broader rescue plan, according to people with knowledge of the matter.Most Read from BloombergFox Fired Its Biggest Star Tucker Carlson, Who Badmouthed BossesClarence Thomas’s Billionaire Friend Did Have Business Before the Supreme CourtTucker Carlson Leaves Fox News in Shakeup After SettlementBRICS Draws Membership Bids From 19 Nations Before SummitJavice Mov
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Kenvue, Johnson & Johnson's consumer health business, could IPO as soon as this week.
( 23
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Everyone is talking up the prospect of a recession. Mike Wilson, chief U.S. equity strategist at Morgan Stanley, is chief among them. Wilson warns that the Fed’s current restrictive monetary policy portends downside risks that are not priced in the market – and could even spark a recession on the scale of 2008’s crisis. Wilson sees corporate earnings (which are already down in Q1 of this year) as unlikely to bottom out until the third or fourth quarter. In Wilson’s view, the lag between Fed poli
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Microsoft stock reports earnings after today's close
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Ecommerce giant Amazon.com likely turned a profit in the first quarter even as revenues from its Amazon Web Services (AWS) subsidiary grew at the slowest pace in at least a decade amid increased competition from rival cloud providers.
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Dow Inc (NYSE: DOW) reports first-quarter FY23 sales decline of 22.4% year-over-year to $11.85 billion, beating the consensus of $11.35 billion. Adjusted EPS was $0.58, beating the consensus of $0.36. Volume decreased 11% Y/Y, led by a 15% decline in Europe, the Middle East, Africa, and India (EMEAI). Local price declined 10% Y/Y and 4% sequentially. Operating EBIT fell by 70.7% Y/Y to $708 million, and margin contracted 990 bps compared to 1Q22 to 6%. Packaging & Specialty Plastics sales decrea
( 38
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GM raised its full-year profit outlook for the year and said it would drop the Bolt, as it moves to newer battery technology.
( 27
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Guo Guangchang seems unfazed by the disposals, and they seem to be working — Fosun International's shares have rebounded from a September low.
( 39
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(Bloomberg) -- First Republic Bank spent decades building its wealth-management franchise into a $290 billion behemoth. Now, that business may become a casualty of the bank’s efforts to save itself. Most Read from BloombergFox Fired Its Biggest Star Tucker Carlson, Who Badmouthed BossesClarence Thomas’s Billionaire Friend Did Have Business Before the Supreme CourtTucker Carlson Leaves Fox News in Shakeup After SettlementBRICS Draws Membership Bids From 19 Nations Before SummitJavice Moved Millio
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Verizon Communications Inc (NYSE: VZ) reported a first-quarter FY23 sales decline of 1.9% year-on-year to $32.9 billion, missing the consensus of $33.6 billion. Adjusted EPS of $1.20 was in line with the consensus. Total wireless service revenue was $18.9 billion, up 3% Y/Y, reflecting the company's ownership of TracFone, premium Unlimited strategy, and pricing actions. Postpaid phone net losses were 127,000, and retail postpaid net additions were 633,000. The quarter marked 437,000 total broadb
( 38
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Comcast on Sunday said former NBCUniversal CEO Jeff Shell would be stepping down immediately following an investigation into inappropriate conduct.
( 38
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Alibaba Group Holding Limited (NYSE: BABA) stock gave up the gains fueled by its ambitious restructuring proposal after it slumped in Hong Kong on Tuesday. Alibaba’s latest drop came as China’s deteriorating geopolitical tension with the U.S. posed a dampener for China’s technology shares, Bloomberg reports. “Overall sentiment on China is low now as geopolitical tensions continue to weigh, and it may be difficult for IPO or spin-off activity to pick up momentum in such an environment,” said Marv
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Despite the early recovery seen at the start of the year, following 2022’s resolute bear, a sustained bull rally has failed to materialize since. Weighed down by an uncertain global economic backdrop and the prospect of a recession, market conditions have been volatile, with investors seeking clear signals on the market’s direction. Well, according to Carson Group chief market strategist Ryan Detrick, there are plenty of them flashing brightly right now. In contrast to those predicting rough day
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(Bloomberg) -- Oil fluctuated as uncertainty about the strength of demand and the direction of the global economy blunted recent supply-driven gains.Most Read from BloombergFox Fired Its Biggest Star Tucker Carlson, Who Badmouthed BossesClarence Thomas’s Billionaire Friend Did Have Business Before the Supreme CourtTucker Carlson Leaves Fox News in Shakeup After SettlementBRICS Draws Membership Bids From 19 Nations Before SummitJavice Moved Millions From JPMorgan to Signature Months Before Collap
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Part of retirement planning includes determining how much to save and invest so you can enjoy the type of lifestyle you desire. Setting your savings target by age can be a good way to organize your strategy and gauge how … Continue reading → The post How Much Does the Average 70-Year-Old Have in Savings? appeared first on SmartAsset Blog.
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Sales tax on large purchases, like a car, is crucial to factor into the price. Depending on where you live and the price of your car, sales tax can cost you thousands of dollars. But did you know there are … Continue reading → The post How to Legally Avoid Paying Sales Tax on a Used Car appeared first on SmartAsset Blog.
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Advisors often work with high-net-worth clients and are able to understand the expectations wealthy clients have about managing their finances. The good news is that some of those takeaways can be applied to clients who are not high-net-worth individuals. Read … Continue reading → The post 4 Lessons Advisors Can Learn From High-Net-Worth Clients – That Apply to Regular Clients appeared first on SmartAsset Blog.
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Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.
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Oil is still relatively pricey at around $80 per barrel, but it has come down considerably from its peaks.
( 23
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Western Alliance Bancorp and Zions Bancorp are both down after First Republic reported it had to borrow heavily to cover outflows in the first quarter.
( 23
min )
The company said it was dropping a number of drug-development initiatives, including two stroke drugs.
( 23
min )
JetBlue's second quarter and full-year guidance beat analysts' estimates, suggesting robust demand in the months ahead.
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Intel is expected to report an almost 40% drop in revenue and significant net losses as PC sales and macroeconomic headwinds devastate the microchip industry.
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Cash flow from a portfolio of apartments isn’t enough to cover the cost of all the debt, a report said.
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The company also reported lower income for the quarter ended March 31 compared with the same period a year ago.
( 25
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General Motors reports first-quarter adjusted operating profit of $3.8 billion and earnings of $2.21 a share. Wall Street was looking for operating profit of $3.2 billion, and earnings of $1.72 a share.
( 23
min )
Bitcoin fell in Tuesday afternoon trade in Asia, along with all other top 10 non-stablecoin cryptocurrencies. Polygon was the biggest loser followed by Solana.
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American Airlines' post-pandemic recovery stalled in the first quarter, but better days may lie ahead as peak travel season looms.
( 13
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The aerospace parts supplier has a record order backlog amid growing demand driven by global airline travel and defense systems.
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ABB Ltd (NYSE: ABB) reported Q1 2023 revenue of $7.86 billion, up 13% Y/Y and 22% Y/Y on a comparable basis, exceeding the consensus of $7.49 billion. Orders increased by 1% Y/Y to $9.45 billion and grew 9% Y/Y on a comparable basis. Electrification revenue $3.59 billion (+11% Y/Y), Orders $4.14 billion (+1% Y/Y) and Backlog $7.10 billion (+19% Y/Y). Motion revenue $1.94 billion (+23% Y/Y), Orders $2.26 billion (+3% Y/Y) and Backlog $5.10 billion (+18% Y/Y). Process Automation revenue $1.44 bill
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The company's earnings per share came in at 72 cents, compared with expectations for 67 cents. Revenue was $5.7 billion, against the $5.5 billion expected.
( 23
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The manufacturer’s first-quarter revenue jumped 25% in the aerospace business while orders rose 14%.
( 25
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Javice rushed to pull her funds out of Signature Bank after it was taken over by the FDIC in March.
( 39
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With Gen Z set to take up 25% of the workforce by 2025, could we see firms shifting their working hours later to accommodate young nightowls?
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Shares of First Republic tumble after deposits at the regional lender sank in the first quarter, United Parcel Service trims its revenue outlook, and earnings reports from Microsoft and Alphabet are coming after Wall Street closes Tuesday.
( 23
min )
PepsiCo raised its full-year profit guidance after its first quarter earnings beat analysts' expectations, helped by resilient demand and price hikes.
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A “freight recession” means fewer trucks carrying goods across the country.
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U.S. stock futures fell early Tuesday as investors awaited a slew of major earnings releases from companies including Alphabet, Microsoft, PepsiCo, and McDonald’s.
Futures on the S&P 500 pointed down 0.5% ahead of the open, while Dow futures were 0.4% lower and futures on the technology-heavy Nasda
( 28
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Western Alliance Bancorp and Zions Bancorp are both down after First Republic reported it had to borrow heavily to cover outflows in the first quarter.
( 23
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(Bloomberg) -- The euphoria surrounding Alibaba Group Holding Ltd.’s spinoff plan appears to be all but over.Most Read from BloombergTucker Carlson Leaves Fox News in Shakeup After SettlementClarence Thomas’s Billionaire Friend Did Have Business Before the Supreme CourtFox Fired ‘Uncontrollable’ Host Tucker Carlson, Who Badmouthed BossesTucker Carlson’s Fox News Exit Erases $507 Million in ValueCNN Anchor Don Lemon Says He Has Been Fired From the NetworkThe e-commerce giant’s stock has erased al
( 38
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“The United States authorities have firmly pointed their guns at crypto,” the investor said in a podcast episode released Saturday.
( 39
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(Bloomberg) -- Losses in Chinese shares dragged down Asia’s equities as investors assessed whether the nation’s reopening story still has room to run amid economic and geopolitical headwinds.Most Read from BloombergTucker Carlson Leaves Fox News in Shakeup After SettlementClarence Thomas’s Billionaire Friend Did Have Business Before the Supreme CourtFox Fired ‘Uncontrollable’ Host Tucker Carlson, Who Badmouthed BossesTucker Carlson’s Fox News Exit Erases $507 Million in ValueCNN Anchor Don Lemon
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min )
Bitcoin falls to around $27,300, dropping from more than $30,000 last week as central bank actions add to concerns over declining monetary liquidity.
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min )
(Bloomberg) -- The rebound in European equities since mid-March has failed to win over strategists, who predict that the sustained campaign of central-bank interest rate hikes will stall the rally. Most Read from BloombergTucker Carlson Leaves Fox News in Shakeup After SettlementClarence Thomas’s Billionaire Friend Did Have Business Before the Supreme CourtFox Fired ‘Uncontrollable’ Host Tucker Carlson, Who Badmouthed BossesTucker Carlson’s Fox News Exit Erases $507 Million in ValueCNN Anchor Do
( 40
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At least for the quarter ended March, weak PC demand and decelerating cloud growth will overshadow the long-term impact of Microsoft's big AI push.
( 22
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The scientific instruments company makes the devices used by pharmaceutical companies, and stands to come out ahead no matter which drugs are successful.
( 22
min )
Oil is still relatively pricey at around $80 per barrel, but it has come down considerably from its peaks.
( 23
min )
(Bloomberg) -- The euphoria surrounding Alibaba Group Holding Ltd.’s spinoff plan appears to be all but over.Most Read from BloombergTucker Carlson Leaves Fox News in Shakeup After SettlementClarence Thomas’s Billionaire Friend Did Have Business Before the Supreme CourtFox Fired ‘Uncontrollable’ Host Tucker Carlson, Who Badmouthed BossesTucker Carlson’s Fox News Exit Erases $507 Million in ValueCNN Anchor Don Lemon Says He Has Been Fired From the NetworkThe e-commerce giant’s stock has erased al
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(Bloomberg) -- A selloff in Chinese equities is deepening as traders weigh a barrage of economic and geopolitical risks, with global funds accelerating their exodus.Most Read from BloombergTucker Carlson Leaves Fox News in Shakeup After SettlementClarence Thomas’s Billionaire Friend Did Have Business Before the Supreme CourtFox Fired ‘Uncontrollable’ Host Tucker Carlson, Who Badmouthed BossesTucker Carlson’s Fox News Exit Erases $507 Million in ValueCNN Anchor Don Lemon Says He Has Been Fired Fr
( 38
min )
Microsoft beat expectations for cloud segment growth and Alphabet reporting declining ad revenue.
( 16
min )
A money order is a certificate, usually issued by governments and banking institutions, that's a safe alternative to cash or a personal check. It works similarly to a check.
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Charles Schwab and TD Ameritrade have similar features and product offerings. TD Ameritrade has a small edge over Schwab, though Schwab acquired TD Ameritrade in 2020.
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Binance.US had agreed to buy the bankrupt lender's assets for $1.3 billion. Voyager said it will directly distribute funds to customers as a part of the Chapter 11 process.
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min )
Home prices rose 2% in February, at a slower pace than the prior month. Some cities, like Miami, Tampa and Atlanta, showed larger increases, while others had declines.
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Republicans are calling for negotiations, while Democrats denounce “hostage-taking” tactics as debt deadline approaches.
( 19
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Learn the difference between developed and developing countries, along with a list of the status of the 25 top countries by GDP.
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Snap Inc., which owns social-media app Snapchat, is seen posting a narrower loss and lower Q1 revenue on declining ad spending when it reports first quarter results on Thursday.
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Southwest Airlines, America's second-largest airline by market capitalization, is expected to report losses narrowed in the first quarter, with the air travel rebound and increased capacity helping offset higher fuel costs.
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A negotiable instrument, such as a personal check, is a signed document that promises an amount to be paid to a specified person or assignee.
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Full retirement age is the age at which you can receive full Social Security retirement benefits. Your FRA varies depending on the year you were born.
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Microfinance is a banking service that is provided to low-income individuals who have no other means of gaining financial services.
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The South Korean indictment of Terraform Labs co-founder Daniel Shin on Tuesday centers on the rapid collapse of TerraUSD and its sister coin Luna last year.
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Here's more information about how banks don't need your money to make loans, but they do want it to make those loans more profitable.
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American Express CD rates can be much higher than average with certain terms, and there’s no minimum balance to open a new CD.
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Ecommerce giant Amazon.com likely turned a profit in the first quarter even as revenues from its Amazon Web Services (AWS) subsidiary grew at the slowest pace in at least a decade amid increased competition from rival cloud providers.
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The IRS required beginning date is the date individuals with retirement plans must begin taking required minimum distributions from their accounts.
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The Monthly Treasury Average (MTA) is an interest index used to set the interest rate for some adjustable-rate mortgages (ARMs).
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The money market yield is the interest rate earned by investing in securities with high liquidity and maturities of less than one year.
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Most mortgage averages moved just a basis point or two, or were flat entirely. The 30-year average dipped further below the 7% threshold it breached last week.
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Putting your finances in order should be one of your top priorities before traveling out of the country.
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Many airlines offer both refundable and non-refundable tickets. Here are some examples of prices for refundable airline fares for five U.S. airlines.
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Intel is expected to report an almost 40% drop in revenue and significant net losses as PC sales and macroeconomic headwinds devastate the microchip industry.
( 11
min )
American Airlines' post-pandemic recovery stalled in the first quarter, but better days may lie ahead as peak travel season looms.
( 11
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Even if you rarely fly, you can pile up points that are good for travel or other rewards.
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With most mortgages, the amount of interest on a loan will get smaller as the principal balance is paid off.
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min )
Here’s a look at the General Data Protection Regulation (GDPR) that will take effect on May 25
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Tim Berners-Lee voiced his disappointment at what the web has become and said action must be taken to restore its core values.
( 12
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Discover all the reasons ETFs typically have lower fees than mutual funds, including their passive management and the absence of load and 12b-1 fees.
( 14
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De Nederlandse economie koelt af en dat is terug te zien op de arbeidsmarkt. Het aantal openstaande vacatures is in maart licht afgenomen tot 380.000, een daling van 5 procent ten opzichte van dezelfde maand vorig jaar. Het aantal nieuwe vacatures daalde zelfs met 10 procent.
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Welk brood is het gezondst en welke pizza is de beste keuze? Vanaf 2024 kun je in de supermarkt vaker producten vergelijken via de dan officieel geldende Nutri-Score. Die toont in een oogopslag of je een gezonde keuze maakt.
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Welk brood is het gezondst en welke pizza is de beste keuze? Vanaf 2024 kun je in de supermarkt vaker producten vergelijken via de dan officieel geldende Nutri-Score. Die toont in een oogopslag of je een gezonde keuze maakt.
( 4
min )
Vakbonden willen langer doorgaan met stakingen bij Albert Heijn. Aanvankelijk zou woensdag de laatste actiedag zijn, maar FNV en CNV zeggen dat ze doorgaan tot het niet meer nodig is. Of dit tot meer lege schappen leidt, is nog niet duidelijk.
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Naast Barbies met allerlei etnische achtergronden maakt speelgoedfabrikant Mattel nu ook een pop met het syndroom van Down. Het bedrijf wil hiermee stigmatisering tegengaan en kinderen empathie bijbrengen.
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Google, Amazon, Meta, Microsoft en andere grote techbedrijven vallen vanaf augustus onder de Europese Digital Service Act (DSA). Dat meldt Eurocommissaris Thierry Breton dinsdag. De wet moet ervoor zorgen dat inwoners van de Europese Unie online beter zijn beschermd.
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Rusland wil de graandeal met Oekraïne niet meer verlengen. De huidige deal, die ervoor zorgt dat Oekraïne ondanks de oorlog graan kan verschepen over de Zwarte Zee, loopt op 18 mei af. Oekraïne wil dat er meer druk op Rusland wordt gezet.
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Spotify heeft het aantal luisteraars flink zien groeien in het eerste kwartaal van dit jaar. Wereldwijd maken 515 miljoen mensen maandelijks gebruik van de muziekdienst. Toch wist het bedrijf geen winst te maken. Het verlies kwam uit op 156 miljoen euro.
( 3
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De zuidelijke supermarktketen Jan Linders verdwijnt uit het straatbeeld. Tien winkels van de keten gaan over naar Jumbo, Plus en ALDI. Eerder werd al bekend dat de overige Jan Linders-supermarkten dit jaar omgebouwd worden tot Albert Heijn.
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Uitzender Randstad gaat zich actief inzetten om de krapte op de arbeidsmarkt tegen te gaan. Zo werkt het bedrijf momenteel aan een masterplan om de tekorten in de kinderopvang op te lossen. In de sector staan momenteel zevenduizend vacatures open.
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Het aantal ziekmeldingen in de zorg neemt af. Met name onder jongeren is het verzuim in de eerste drie maanden van dit jaar hard gedaald.
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Holland Casino heeft vorig jaar weer winst gemaakt. Toch is het bedrijf na twee lastige coronajaren nog niet terug op het oude niveau. De bezoekersaantallen vallen nog tegen.
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ING, ABN AMRO en Rabobank brengen het online betaalsysteem iDEAL onder bij het Europese samenwerkingsverband van banken EPI. Voor wie in Nederland online shopt, verandert in ieder geval de komende jaren niets, belooft initiatiefnemer ING.
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Controleer in de supermarkt altijd je kassabon, want bij drie grote ketens klopt die regelmatig niet. Nog altijd staan op de bonnen vaak andere prijzen dan op het schap, concludeert de Consumentenbond.
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De effecten van acties in de distributiecentra van Albert Heijn zijn vooral zichtbaar in de circa honderd supermarkten in het noordoosten van het land. Dat laat een woordvoerder van de supermarktketen aan NU.nl weten.
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Huishoudens die hun energieaansluiting delen met buren kunnen na lang wachten compensatie krijgen voor de hoge prijzen van gas en elektriciteit. Het loket voor het aanvragen van energiesteun voor huishoudens met zo'n warmte- of elektriciteitsaansluiting (blokaansluiting) is vanaf vandaag geopend.
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Huishoudens die hun energieaansluiting delen met buren kunnen na lang wachten compensatie krijgen voor de hoge prijzen van gas en elektriciteit. Het loket voor het aanvragen van energiesteun voor huishoudens met een blokaansluiting wordt dinsdag geopend.
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Ruim een jaar na invoering van sancties tegen Rusland is in Nederland voor 644 miljoen euro aan tegoeden uit het land bevroren. Ook zijn er twee schepen en vijf vliegtuigen waar Russen niet meer bij kunnen. De oogst bij vastgoed valt tegen.
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Google parent Alphabet on Friday disclosed in an SEC filing how much compensation it gave CEO Sundar Pichai for the prior year — approximately $226 million.
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Troubled regional lender First Republic Bank announced that it will cut about a quarter of its staff to reduce expenses after deposits plunged by 40% in Q1 2023.
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The bank can survive, but it can’t thrive for the foreseeable future because of the costs of its rescue.
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Amid Dylanm Mulvaney controversy, Bud Light's dollar share value loses almost the same amount as Coors Light and Miller Lite's dollar share gain in latest week.
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Earnings season is now in full swing, and expectations are that the Q1 readout will turn out to be the second year-over-year quarterly decline in a row for S&P 500 firms. As such, BMO’s chief investment strategist Brian Belski points out that many investors are “worried that an earnings recession will significantly hinder market performance in the months ahead and inevitably translate into an economic recession later this year.” However, according to Belski, such conclusions are “not necessarily
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(Bloomberg) -- Bed Bath & Beyond Inc. won permission Monday to tap $40 million, money the retailer said it needs to cover payroll for its roughly 14,000 employees and buy management time to try and locate a buyer in Chapter 11 bankruptcy to rescue some or all of its stores.Most Read from BloombergTucker Carlson Leaves Fox News in Shakeup After SettlementFour Reasons Why Investors Expect US Dollar to Keep SlidingBud Light Takes the Cowardly Way OutMacron’s Push to Get China’s Help on Ukraine Is U
( 39
min )
Data analyzed by Reuters showed that Russia overtook Iraq for the first time and pushed Saudi Arabia to the number three spot in India's oil market.
( 38
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There is a fight for consumers among the big three telecom firms after they saw record growth during social distancing.
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MKT Capital Ltd, a shareholder with a 4.2% stake in Aurinia Pharmaceuticals Inc (NASDAQ: AUPH), has issued a letter to Aurinia shareholders with plans to withhold support for three directors at the 2023 annual meeting. In the letter, MKT Capital explains why Aurinia could fetch $28/share in a sale and why shareholders should withhold votes on Chairman Milne, CEO Greenleaf, and Compensation Chair Hagan. The Board has diluted shareholders and awarded outsized compensation packages to management in
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min )
A group of Tesla investors asked CEO Elon Musk for more commitment to the electric vehicle (EV) company in an open letter published last week, specifically requesting that he spend less time posting “derogatory tweets.” The letter also urged Musk to address accusations of a toxic work environment at Tesla and concerns about future profitability.
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The San Francisco lender is under scrutiny by uninsured depositors across the banking system.
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Activist investor Ryan Cohen made about $68 million on Bed Bath & Beyond, while college student Jake Freeman cashed out a roughly $110 million profit.
( 38
min )
Main Street Research’s CIO believes stocks are in “the last phase of the bear market” and investors should buy companies with Warren Buffett–style “moats.”
( 38
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(Bloomberg) -- First Republic Bank saw deposits plummet $72 billion in the first three months of the year as the California lender was engulfed in the regional-banking crisis that led to the collapse of three of its peers.Most Read from BloombergTucker Carlson Leaves Fox News in Shakeup After SettlementFour Reasons Why Investors Expect US Dollar to Keep SlidingBud Light Takes the Cowardly Way OutMacron’s Push to Get China’s Help on Ukraine Is UnravelingHedge Funds Place Biggest Ever Short on Ben
( 38
min )
The bank said it will cut head count by as much as 25% and slash executive pay as it restructures its balance sheet.
( 26
min )
BNP Paribas Exane analyst Stefan Slowinski lowered his rating on the shares, warning that there are lower lows ahead for the Azure cloud business.
( 22
min )
Two execs are on leave after a collaboration with transgender TikToker ignited boycott calls, the Wall Street Journal reported.
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ChatGPT, the powerful artificial intelligence (AI) tool from OpenAI, presents unparalleled risk and opportunity. It puts some jobs at risk of elimination but also can enhance a person’s skill set so they become more valuable to an employer. Don’t Miss: The House-Printing Robot Shaking Up a $7.28 Trillion Industry The trick for people who want to get the most out of ChatGPT — and ideally keep their jobs or find a new one — is to learn the best ways to prompt ChatGPT and other AI tools to produce
( 38
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Yet another long-term HODLer has decided to move their secret stash.
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Carrier Global is in advanced talks to acquire the German industrial manufacturer for about $13 billion including debt, according to people familiar with the matter.
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min )
A lawyer for Hadley Gamble said she filed a sexual harassment and sex discrimination complaint at the company; Mr. Shell has said he had an inappropriate relationship with an employee.
( 27
min )
(Bloomberg) -- Bed Bath & Beyond Inc.’s bankruptcy has netted more than a billion in paper profits for skeptics who bet against the big-box retailer, while amateur investors have been left holding a nearly empty bag.Most Read from BloombergBud Light Takes the Cowardly Way OutFour Reasons Why Investors Expect US Dollar to Keep SlidingMacron’s Push to Get China’s Help on Ukraine Is UnravelingChina Distances Itself From Envoy Remarks on Ex-Soviet StatesTucker Carlson Leaves Fox News in Shakeup Afte
( 39
min )
Troubled regional lender First Republic Bank announced that it will cut about a quarter of its staff to reduce expenses after deposits plunged by 40% in Q1 2023.
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min )
Shares of Getty Images (GETY), the provider of stock photos, jumped 31% on April 24, 2023, following news of a buyout bid by Trillium Capital.
( 10
min )
Personal loan rates have climbed for a fourth consecutive week, taking the average rate another third of a point higher.
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min )
U.S. equities were mixed and little changed on April 24, 2023, ahead of key tech earnings reports being released in the week.
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min )
Find out the history behind the controversial FICA cap on wages.
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min )
Prices of bitcoin and ether—the two largest cryptocurrencies by market capitalization—are usually closely correlated, but that's changing, and it could affect investments and risk management for cryptocurrency investors.
( 11
min )
Visa, the world’s biggest electronic payments provider, will likely report higher revenues and profit on increased transaction volumes in Q1, as households rely more on credit cards amid high inflation.
( 11
min )
Specialty CDs offer features such as the ability to add to the principal or avoid early withdrawal fees. Some options offer more flexibility, but may have lower rates than standard CDs.
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De Noordzee wordt de grootste duurzame energiecentrale ter wereld. Dat hebben Nederland en acht andere landen rondom de Noordzee maandag besloten tijdens de tweede Noordzeetop in België.
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